Did Walgreens Buy Out Rite Aid. Walgreens to buy rival rite aid for $9.4 billion, creating drugstore giant. Walgreens also announced its most recent quarterly results thursday morning.
Likewise, how many rite aid stores did walgreens buy? The pharmacy giant said tuesday that federal regulators have accepted its $4.4 billion deal to buy 1,932 rite aid stores. Rite aid said wednesday it has completed transferring stores and related assets to walgreens boots alliance as part of a larger deal with the nation’s largest pharmacy chain.
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Cvs may be blocked from stores divested by walgreens/rite aid. The $5.175 billion deal announced this morning will leave rite aid with just over half as many stores as it has today. Walgreens will now buy and convert 2,186 rite aid locations into walgreens, abandoning its planned purchase of the entire chain. On september 19, 2017, the federal trade commission (ftc) approved walgreen's fourth attempt to purchase rite aid, with 1,932 stores for $4.38 billion total.
