Walgreens scraps Rite Aid takeover, to buy half its stores

Jun 29, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

(Reuters) – Drugstore chain Walgreens Boots Alliance Inc terminated its deal to buy Rite Aid Corp after struggling to win antitrust approval, and said it would instead buy nearly half of the smaller rival’s U.S. stores for $5.18 billion in cash.