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85%  
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  • Walgreens to Buy Rite Aid for $9.4 Billion

    10/27/2015 3:40:20 PM PDT · by ConservativeStatement · 58 replies
    Dow Jones Newswires ^ | October 27, 2015
    Walgreens Boots Alliance Inc. agreed to buy Rite Aid Corp. for about $9.4 billion, in a move that would create a drugstore giant at a time when companies in nearly every corner of the health-care industry are seeking to gain advantage from bulking up. Walgreens agreed to pay $9 a share in cash for Rite Aid, offering a 48% premium to Rite Aid's closing price Monday. Rite Aid's stock rose 43% to $8.67 Tuesday after The Wall Street Journal reported on the deal talks.