Walgreens Boots Alliance to Acquire Rite Aid for $17.2 Billion in All-Cash Transaction


Walgreens Boots Alliance, Inc. and Rite Aid Corporation  today announced that they have entered into a definitive agreement under which Walgreens Boots Alliance will acquire all outstanding shares of Rite Aid, a U.S. retail pharmacy chain, for $9.00 per share in cash, for a total enterprise value of approximately $17.2 billion, including acquired net debt. The purchase price represents a premium of 48 percent to the closing price per share on 26 October 2015, the day before the agreement was signed.

Walgreens Boots Alliance is highly focused on building a differentiated experience for health and beauty, and this combination will help accelerate Rite Aid’s own efforts toward that end. Once the acquisition closes, Walgreens Boots Alliance plans to further transform Rite Aid’s stores to better meet consumer needs.

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