{"id":5424,"date":"2015-10-27T18:15:00","date_gmt":"2015-10-28T02:15:00","guid":{"rendered":"http:\/\/associatednews.info\/content\/walgreens-to-buy-drugstore-competitor-rite-aid-for-9-4-billion\/5424\/"},"modified":"2015-10-27T18:15:00","modified_gmt":"2015-10-28T02:15:00","slug":"walgreens-to-buy-drugstore-competitor-rite-aid-for-9-4-billion","status":"publish","type":"post","link":"https:\/\/associatednews.info\/content\/walgreens-to-buy-drugstore-competitor-rite-aid-for-9-4-billion\/","title":{"rendered":"Walgreens To Buy Drugstore Competitor Rite Aid For $9.4 Billion"},"content":{"rendered":"

By Laura Wagner<\/a><\/span> <\/p>\n

On Tuesday, Walgreens confirmed that it plans to acquire drugstore competitor Rite Aid for $9.4 billion.<\/p>\n

As The Wall Street Journal first reported<\/a>, the move “would create a drugstore giant at a time when companies in nearly every corner of the health-care industry are seeking to gain advantage from bulking up.”<\/p>\n

NPR’s Sonari Glinton reports for the Newscast unit:<\/p>\n

\n
\n

“Walgreens buying the Rite Aid chain gives the company more than just stores, though it will get a lot of those.<\/p>\n

“Walgreens is currently the largest drug store retailer and Rite Aid is No. 3. The combined company would have 18,000 stores worldwide.<\/p>\n

“In addition to getting a retail presence that’s bigger by 50 percent, Walgreens is getting more leverage as a buyer of pharmaceuticals.<\/p>\n

“The combination of the two companies would need the approval of the Federal Trade Commission, which studies retail mergers, to make sure they comply with antitrust law.<\/p>\n

“Rite Aid is expected to keep its name after the deal closes.”<\/p>\n<\/div>\n<\/blockquote>\n

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org\/content-only\/faq.php#publishers.<\/em><\/p>\n

Source:: http:\/\/www.npr.org\/sections\/thetwo-way\/2015\/10\/27\/452344990\/walgreens-to-buy-drugstore-competitor-rite-aid-for-9-4-billion?utm_medium=RSS&utm_campaign=business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

On Tuesday, Walgreens confirmed that it plans to acquire drugstore competitor Rite Aid for $9.4 billion.<\/p>\n

As The Wall Street Journal first reported<\/a>, the move “would create a drugstore giant at a time when companies in nearly every corner of the health-care industry are seeking to gain advantage from bulking up.”<\/p>\n

NPR’s Sonari Glinton reports for the Newscast unit:<\/p>\n

\n
\n

“Walgreens buying the Rite Aid chain gives the company more than just stores, though it will get a lot of those.<\/p>\n

“Walgreens is currently the largest drug store retailer and Rite Aid is No. 3. The combined company would have 18,000 stores worldwide.<\/p>\n

“In addition to getting a retail presence that’s bigger by 50 percent, Walgreens is getting more leverage as a buyer of pharmaceuticals.<\/p>\n

“The combination of the two companies would need the approval of the Federal Trade Commission, which studies retail mergers, to make sure they comply with antitrust law.<\/p>\n

“Rite Aid is expected to keep its name after the deal closes.”<\/p>\n<\/div>\n<\/blockquote>\n

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org\/content-only\/faq.php#publishers.<\/em><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-5424","post","type-post","status-publish","format-standard","hentry","category-business-2"],"_links":{"self":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts\/5424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/comments?post=5424"}],"version-history":[{"count":0,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts\/5424\/revisions"}],"wp:attachment":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/media?parent=5424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/categories?post=5424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/tags?post=5424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}