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Walgreens scraps Rite Aid bid, will buy 2,000+ stores instead in $5.2 billion deal

Walgreens Boots Alliance is scuttling its yearslong effort to buy competitor Rite Aid and will instead buy more than 2,000 of its stores for $5.18 billion.The less ambitious move follows resistance from federal regulators since the two drugstore chains first proposed a merger in 2015. Thursday…
Source: Morningcall

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