Rite Aid announced that it had entered into an agreement to be acquired by Walgreens Boots Alliance for $17.3 billion in cash and stock. The deal is expected to close in the first half of 2019. The acquisition would create the largest pharmacy chain in the United States, with more than 2,000 stores.
Walgreens Boots Alliance plans to keep the Rite Aid name and headquarters in Pennsylvania. The deal is subject to approval from regulators.
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Who did Rite Aid buyout?
Rite Aid Corporation announced on September 26th that it had agreed to be purchased by Berkshire Hathaway Inc. for $17.
2 billion in cash and shares. The acquisition, slated to be completed in the first half of 2015, will make Berkshire Hathaway the largest pharmacy chain in the United States.
Who owns Rite Aid drugs?
Rite Aid Corporation is a major pharmacy retailer in the United States. It is headquartered in White Plains, New York. The company was founded in 1911 as a drugstore and general merchandise store.
Who owns Rite Aid now?
Rite Aid Corporation is an American retail pharmacy and pharmaceuticals company founded in 1962 by John C. Patterson. As of March 31, 2017, the company operated 2,470 stores across the United States.
Who owns Rite Aid today?
Today, Rite Aid is owned by Walgreens Boots Alliance. Walgreens Boots Alliance is a Fortune 500 company that was founded in 1999. Rite Aid has been a part of the Walgreens Boots Alliance since June 30, 2016.
Who did Rite Aid merge with?
Rite Aid Corporation is a major pharmacy retailer in the United States. It merged with Walgreens Boots Alliance on Oct.
1, 2016.
Who owns Rite Aid pharmacies?
Rite Aid Corporation is the largest pharmacy chain in the United States. As of August 2010, the chain operated more than 2,500 stores. Rite Aid Corporation is a subsidiary of Walgreens Boots Alliance, Inc.
