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...
- Walgreens gets OK to buy 1,932 Rite-Aid stores
By Reuters - Tuesday Sep 19, 2017
Drugstore chain Walgreens Boots Alliance said on Tuesday it received regulatory clearance to buy 1,932 Rite Aid stores — 254 fewer stores than it had previously intended. The approved deal is for $4.38 billion. A previous agreement where Walgreen agreed to buy Rite Aid and nearly 4,600 of its stores for $9.4 billion was scotched...
- Walgreens Finally Gains Approval for Rite Aid Deal
Tuesday Sep 19, 2017
Walgreens Boots Alliance received regulatory approval for its deal to buy thousands of stores from Rite Aid but only after the number of stores to be purchased was again trimmed to allay antitrust concerns.
- Walgreens Still Hoping To Get Feds’ Approval For Rite Aid Merger
By Laura Northrup - Monday Sep 18, 2017
For almost two years now, Walgreens and Rite Aid have been trying to make some kind of committed relationship work, but they remain star-crossed corporations. Walgreens wanted to buy the smaller drugstore chain, then switched to acquiring a few thousand of Rite Aid’s stores when it appeared that Federal Trade Commission approval wasn’t going to happen. Now “people with …
- FTC Approves Walgreens’ Acquisition Of Half Of Rite Aid’s Stores
By Laura Northrup - Tuesday Sep 19, 2017
If there’s a Rite Aid store in your neighborhood, the odds are about even that there won’t be for long. The Federal Trade Commission has finally approved a deal between the No. 2 and No. 3 drugstore chains in the country, Walgreens and Rite Aid. Instead of acquiring the smaller chain, Walgreens Boots Alliance will buy around half of its …