Walgreens Boots Alliance and Rite Aid nixed their $9.4 billion merger agreement and reached a new deal in which Walgreens will instead buy half of Rite Aid’s stores for $5.18 billion in cash.
NYS Entity Status
NYS Filing Date
MARCH 27, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY
2013 - BUY RITE LOGISTICS LLC
AROUND THE WEB
- Walgreens Ends Rite Aid Merger, Will Buy Half Its Stores
Thursday Jun 29, 2017
- Walgreens scraps Rite Aid merger, buys half its stores instead
By Reuters - Thursday Jun 29, 2017
Drugstore chain Walgreens Boots Alliance said it ended its deal to buy Rite Aid after struggling to win antitrust approval, and that it would instead buy nearly half of the smaller rival’s US stores for $5.18 billion. Walgreens also said on Thursday it ended a related deal to sell as many as 1,200 Rite Aid...
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By Josh Kosman - Monday Jun 26, 2017
Despite recent optimism, multiple sources close to Walgreen remain skeptical about the odds for the drug chain’s $9.7 billion deal to buy Rite Aid. The Federal Trade Commission is expected to vote Thursday on Walgreen’s controversial merger with its smaller rival, which would create America’s biggest drugstore chain. Trade publication CTFN reported Monday that sources...
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