Following a trend of food industry "megadeals," mergers in which two industry giants will become one, Walgreens and Rite Aid entered into a definitive agreement in October 2015, in which Walgreens Boots Alliance agreed to acquire all outstanding shares of Rite Aid. Much like other deals of this size, the two companies were expected to be required to divest some of their locations to avoid antitrust objections. If completed, the merger of the two companies...read more
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