North American pharmacy giant
Walgreens has announced the
US$17.2 billion all-cash acquisition
of rival Rite Aid corporation.
Walgreens Boots Alliance will
pay US$9 per share for Rite Aid,
representing a 48% premium on
the closing share price last week.
“The combination of Walgreens
Boots Alliance and Rite Aid creates
a further opportunity to deliver a
hiqh quality retail pharmacy choice
for US consumers,” the companies
said in a statement.
Once the merger is settled
Rite Aid will be a wholly owned
subsidiary of Walgreens Boots
Alliance, with long term plans to
create a “fully harmonised portfolio
of stores and infrastructure”.The above article was sent to subscribers in Pharmacy Daily's issue from 28 Oct 15 To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 28 Oct 15
IN WESTERN Australia, Michael’s Chemist Group has started stocking therapeutic Nicotine Vaping Products (NVPs), pursuant to the Federal Government’s new vaping laws (PD 25 Mar).
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