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Wide access likely to soften impact of Walgreens-Rite Aid deal

Oct 28, 2015 - The Deal Pipeline

Though neighboring Rite Aid Corp. (RAD) and Walgreens Boots Alliance Inc. (WBA) stores may see changes due to the regulatory environment surrounding the $9.5 billion combination of the two drugstore chains, the road to approval may be a bit less bumpy than anticipated.

After the market close on Tuesday, Deerfield, Ill.-based Walgreens announced that it would purchase Rite Aid for $9 per share in cash, or $9.5 billion. The total purchase price topped out at $17.2 billion, including net debt...