According to reports, Walgreens is in negotiations to purchase Rite Aid. If the deal goes through, it would be Walgreens’ largest acquisition ever.
Walgreens has been trying to purchase Rite Aid for some time now. If the deal is finalized, it would be worth around $17 billion.
This acquisition would be a big deal for Walgreens. It would give the company a larger presence in the drugstore market. It would also give Walgreens access to Rite Aid’s customer base.
Rite Aid is currently the third-largest pharmacy in the United States. If the deal goes through, Walgreens would become the largest pharmacy in the country.
This acquisition would also be a big deal for Rite Aid shareholders. If the deal goes through, Rite Aid shareholders would receive $5.50 per share in cash.
This is a significant premium over the current share price. If the deal is finalized, it would be the largest acquisition in Rite Aid’s history.
