Walgreens in $17.2B deal to acquire Rite Aid
For a long time, Walgreens Boots Alliance has been in competition with CVS and Rite Aid to be the most prosperous major pharmacy chain. However, this past Tuesday Walgreens has eliminated one of its competitors entirely by announcing it has purchased Rite Aid in a 17.2 billion dollar deal that will help close the gap in market share based on revenue between itself and CVS. Full details of the deal and its effect the competition between CVS and Walgreens are in the article below.