If approved by regulators,
the deal would see two of the biggest US drug stores combined.
Walgreens Boots
Alliance was created when UK High Street chemist Alliance Boots merged with the
US drugstore Walgreens last year.
Rite Aid is expected to
initially continue operating under its own name.
The Pennsylvania-based
company, which has been in operation since 1962, saw its shares soar more than
40% on Tuesday after the Wall Street Journal reported that a deal may be in the
wings.
No comments:
Post a Comment