Walgreens Rite Aid – CWEB.com

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Walgreens Rite Aid – CWEB.com

Walgreens has scrapped its plans to acquire rival drugstore chain Rite Aid and will instead buy nearly half of its target’s stores.

It has ended its takeover pursuit of rival Rite Aid following resistance from U.S. regulators and will instead now buy stores, distribution centers and inventory in a new deal.

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