Question: Who Did Walgreens Merge With?

Who did Walgreens merge with?

Instead, Walgreens agreed to buy 2,186 Rite Aid stores for $5.2 billion. That will essentially cut Rite Aid in half, leaving it with 2,350 stores after the deal is done. The merger agreement faced intense scrutiny from the start.

Who did Walgreens buy?

The agreement was reworked several times over the past few years as Walgreens scaled back the number of stores it intended to purchase. In June, the company tried for a $5.2 billion deal that would have handed it 2,186 Rite Aid stores. Walgreens recently revised its deal again, said company spokesman Michael Polzin.

Who did Rite Aid merger with?

On October 27, 2015, Walgreens announced that it would acquire Rite Aid in a deal valued at $9.4 billion ($9 per share), pending regulatory and shareholder approval. The deal would have resulted in a merger of two of the United States’ three largest pharmacy chains.

Are CVS and Walgreens owned by the same company?

CVS is a publically traded company. (84,723 shares), and Helena Foulkes, the former pharmacy division president, though her stock ownership is subject to change now that she left the company (45,107 shares). The Top 4 CVS Shareholders (CVS) Walgreens (Walgreens Boots Alliance) is also a publically traded company.