Walgreens to Close 200 Stores Nationwide

Deerfield, Ill. — Walgreens plans to close approximately 200 stores across the U.S. starting this fall as part of a cost-management program. Specific store locations have not been disclosed, but the new closures represent less than 3% of Walgreens’ U.S.

Walgreens Buying Rite Aid For $17.2 Billion

New York City — Walgreens is buying Rite Aid for approximately $9.41 billion in cash, creating a drugstore giant with nearly 18,000 stores around the world. The deal combines the largest and third-largest U.S. drugstore chains, based on store counts.