Walgreens to purchase Rite Aid

Access Unlocked Wednesday September 20, 2017 For two (2) years, Walgreens has made attempts to purchase #Walgreens, Walgreens, #news, news,#RiteAid, Rite Aid, #CNN,CNN, #BBC, BBC, #WallStreetJournal, Wall Street Journal,Rite Aid, and was denied.

Now the U.S. Federal Trade Commission has agreed to allow Walgreens to purchase 1,932 Rite Aid stores, for $4.38 billion dollars.

Walgreens also announced their plans to purchase, Rite Aid’s three (3) distribution centers located in South Carolina, Pennsylvania and Connecticut.

Following the purchase announcement, Rite Aid’s shares have dropped.

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