Walgreens is Buying Rite Aid

Walgreens Boots Alliance just announced it will buy Rite Aid Corporation at $9.00 per share. Including debt, the deal is valued at about $17.2 billion. That's a 48% premium to the closing price per share the day before the agreement was signed. Rite Aid shares were up as much as 40% earlier on Tuesday after news broke of a potential deal. In after hours trading, they were down about 6.92%...
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