Walgreens Said to Be Near Deal to Buy Rite Aid, WSJ Reports - Bloomberg

Walgreens Boots Alliance Inc. is near a deal to acquire Rite Aid Corp., the Wall Street Journal reported, a transaction that would further expand the company’s role in the distribution of medications in the U.S.

The deal may be announced Wednesday, the newspaper said, citing people familiar with the matter. The Journal didn’t say how much Walgreens would pay for the acquisition.

Read Full Story