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


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…