News Alert!!: Deerfield, IL: Walgreens confirms buying Rite Aid.
Walgreens confirmed on Tuesday, October 27th, 2015 that they will be buying rival Rite Aid for about $9.41 billion in cash, creating a drugstore giant with nearly 18,000 stores around the world.
Walgreens Boots Alliance Inc., based in Deerfield, Illinois, has more than 13,100 stores around the world.
Besides its namesake stores, Walgreens also owns Duane Reade stores in the United States.
Rite Aid, based in Camp Hill, Pennsylvania, has more than 4,600 stores in the United States, including at the Needles Towne Center in Needles, California.
The deal comes less than year after Walgreens bought European health and beauty retailer Alliance Boots.
The deal is expected to close in the second half of 2016.
Customers, for the most part, may not see a huge impact on their wallets. But they will likely see some store closures or name changes and fewer brand choices after Walgreens Boots Alliance Inc. adds the nation’s third-largest drugstore chain.
At this moment, Walgreens is saying that Rite Aid stores will initially keep its name after the deal closes, but that may change over time.
Customers may also see more clinics in Rite Aid Corp. stores and more products like vitamins and supplements aimed at keeping them healthy, as the sector continues to stretch well beyond simply filling prescriptions.
Many customers are worried about the fate of their favorite Thrifty ice cream, which according to Rite Aid, the ice cream was first sold in Thrifty drug stores in the 1930’s.
Over 60 years later, Rite Aid bought Thrifty, but kept the ice cream, which has been popular and nostalgic for shoppers.
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