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. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Alarming Return Rates Require Loss-Minimization Solutions: Key Insights—Free InfographicFlipkart Big Billion Days 2023: Preview—Positive Consumer Sentiment and a Focus on Immersive Shopping3Q23 US Retail Inventory Insights: Positive Factors Pave the Way for Better Inventory Turnover in the Holiday QuarterWeekly US and UK Store Openings and Closures Tracker 2023, Week 9: US Openings Up 21%