Walgreens scraps Rite Aid bid, will buy 2,000+ stores instead in $5.2 billion deal

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Walgreens Boots Alliance is scuttling its yearslong effort to buy competitor Rite Aid and will instead buy more than 2,000 of its stores for $5.18 billion.

The change follows resistance from federal regulators since the two drugstore chains first proposed a merger in 2015. Thursday morning’s announcement…

fromhttp://www.baltimoresun.com/business/ct-walgreens-rite-aid-deal-20170629-story.html

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