Flash Report 1 minuteRegister for Free AccessWalgreens to Acquire Rite Aid in $17.2 Billion Deal Coresight Research October 28, 2015 Executive Summary Tuesday, Oct. 27, after the market close, Walgreens Boots Alliance announced an agreement to acquire smaller drugstore chain Rite Aid for $9.4 billion in cash, offering $9 per share in cash, which represents a 48% premium to Rite Aid’s closing price of $6.08 on Monday.Including debt, the deal is valued at $17.2 billion, the company said. The deal would bring together the #1 and #3 retail pharmacy companies, creating a pharmacy giant with over 13,000 stores and more than $67.1 billion in combined revenue, according toDrug Store News’s Annual PoweRx Industry Rankings. The combined company would have an especially strong presence in California and New York. The combination is expected to realizecost synergies of at least $1 billion annually. The boards of both companies have approved the transaction, which must receive Hart-‐Scott-‐Rodino approval and is expected to close during the second half of calendar 2016. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: US Back to School 2023: Top Categories and Apparel BrandsWeinswig’s Weekly: Tackling the Food-Waste Challenge with TechnologyApril 2023 Monthly Consumer Update: US, UK and ChinaWeekly US and UK Store Openings and Closures Tracker 2024, Week 16: 7-Eleven Announces Over 200 Store Openings and Closures