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Rite Aid Shareholders Approve $9.4 Billion Merger With Walgreens
- Penn Live, Friday, February 5, 2016 8 AM
Rite Aid, an East Pennsboro Township, Penn.-based company that grew into the third-largest pharmacy company in the nation, is moving toward a $9-per-share takeover offer from Walgreens. RiteAid shareholders have approved the bid, wherein Rite Aid would be folded into Walgreens’ operations to counter CVS and compete globally.
