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Walgreens beats united states consent for Rite Aid bargain on 4th Attempt

collected by :John Locas

Walgreens dropped two % to $80.96 at 10:23 a.m. in fresh York, When Rite Aid shares declined 9.3 % to $2.48.
“Rite Aid going to remember a robust competitor in the areas where its presence matters,” Ohlhausen said.
With the addition of the Rite Aid stores, Walgreens going to have about 10,000 locations in the U.S., compared by 9,700 for CVS.
That bargain ran into roadblocks at the FTC, & in January Walgreens & Rite Aid recut the bargain in an attempt to solve the agency’s worries which the combination would injury competition.
A revamped merger outline called for selling up to 1,200 Rite Aid locations to another buyer to satisfy the FTC & was worth at least $2 bn less to Rite Aid shareholders.

Walgreens’ $4.4 bn bargain to purchas Rite Aid stores gets united states approval

In its 4th attempt, Walgreens Boots Alliance clinched regulatory consent for a bargain to purchas Rite Aid Corp. stores after a last-minute reduction of the number of stores & price.
The Deerfield-based drugstore chain told Tuesday it secured clearance for a revised bargain under that it going to purchas 1,932 Rite Aid stores for $4.38 billion.
Walgreens initially proposed a takeover of Rite Aid in October 2015 for $9 a share, or $9.4 billion.
A revamped merger outline called for selling up to 1,200 Rite Aid locations to another buyer to satisfy the FTC & was worth at least $2 bn less to Rite Aid shareholders.
The Corporation told it instead would pay $5.18 bn to acquire 2,186 stores, leaving a slimmed-down Rite Aid as a stand-alone company.
Walgreens' $4.4 billion deal to buy Rite Aid stores gets U.S. approval

Walgreens Information Systems taking over some of your Rite Aid locations

Walgreens told Tuesday which it had received the government’s sign-off on a overhauled bargain which incloudes acquiring 1,932 Rite Aid stores & 3 distribution centers.
The Corporation going to pay $4.375 bn in cash, assume leases & authorize Rite Aid to access its purchasing power.
Skip in Skip x Embed x Share lock Walgreens terminated its merger by Rite Aid, however in spite of leaving the bargain behind, Walgreens going to pay $5.175 bn in cash to purchas 2,186 Rite Aid stores.
Walgreens at 1st proposed to acquire 456 Rite Aid stores in fresh York, however this day going to take over 272 locations, leaving Rite Aid by 327 sites, according to information from fresh York Attorney puplic Eric Schneiderman’s office.
Similarly, Walgreens going to acquire 34 fewer stores in fresh Jersey & 13 fewer locations in Connecticut.

 

 

 

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