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Walgreens Says Rite Aid Merger on Track To Close This Year

Store Divestiture Looking To Peak at 500 but Store Closures Still Being Weighed

Walgreens Boots Alliance’s proposed acquisition of Rite Aid is progressing as planned, according to Walgreens. The $17.2 billion buyout is in the process of clearing federal regulatory approval while the drug retailers’ integration team continues working on preliminary planning.

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