Walgreens Boots Alliance has received regulatory approval to buy 1,900 Rite Aid stores from the Pennsylvania-based drugstore chain for $4.4 billion. The deal will make Walgreens (NASDAQ: WBA) the country's largest retail pharmacy by store locations – putting the Deerfield, Illinois-based company ahead of CVS and other rivals. The sale agreement was modified ahead of the Federal Trade Commission granting approval.

BING NEWS:
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    04/18/2024 - 3:13 pm | View Link
  • Walgreens Reports Steep Loss Despite Revenue Beat on Nearly $6 Billion Impairment Charge
    The retailer adjusted the valuation of VillageMD, a healthcare company it has invested in, by $5.8 billion as the chain has struggled in recent months. After adjusting for impairment charges ...
    03/28/2024 - 4:40 am | View Link
  • Walgreens narrows profit outlook for 2024, takes $6B hit in Q2 from VillageMD investment
    Walgreens reported a steep quarterly loss, reflecting a nearly $6 billion write-down in the value of its investment in primary care clinic chain VillageMD. The drugstore chain invested $1 billion ...
    03/28/2024 - 3:00 am | View Link
  • Walgreens narrows full-year profit forecast, takes $5.8-billion impairment
    March 28 (Reuters) - Walgreen Boots Alliance WBA.Ocut the higher end of its profit forecast for fiscal-year 2024 on Thursday, citing economic challenges for its retail operations, and took a $5.8 ...
    03/28/2024 - 1:10 am | View Link
  • Walgreens to cut costs by $1 billion this year, with layoffs and store updates
    The company WBA, -0.06% also said it was more than halfway to reaching its goal of cutting costs by $1 billion this year. The saving are being driving primarily in the U.S. Retail Pharmacy ...
    03/28/2024 - 1:07 am | View Link
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