wba

Major Drug Retailers Lose Over USD 12.8 Billion in Value

Major Drug Retailers Lose Over USD 12.8 Billion in Value

Shares of CVS (NYSE: CVS), Walgreens (NYSE: WBA) and Rite-Aid (NYSE: RAD) lost USD 12.8 Billion in value after Amazon.com, Inc. (NASDAQ: AMZN) announced that it had signed an agreement to buy the online pharmacy, PillPack, on Thursday.PillPack organ..

Walgreens Made Takeover Approach to AmerisourceBergen

Walgreens Made Takeover Approach to AmerisourceBergen

The Wall Street Journal reported this Monday that Walgreens Boots Alliance Inc. (NASDAQ: WBA) has made a takeover approach to drug distributor AmerisourceBergen Corp. (NYSE: ABC). This move is expected to “boost profitability at the drugstore ..

Walgreens Received Regulatory Clearance to Acquire     Rite Aid

Walgreens Received Regulatory Clearance to Acquire Rite Aid

Walgreens Boots Alliance Inc (NASDAQ: WBA) has received the regulatory clearance required for the acquisition of Rite Aid Corporation (NYSE: RAD) for 4.375 billion in cash. Tuesday Walgreens announced that the amended and restated asset purchase agr..

Walgreens to Buy Out Half of Rite-Aid’s Stores After Merger Fails

Walgreens to Buy Out Half of Rite-Aid’s Stores After Merger Fails

Walgreens Boots Alliance Inc. (NASDAQ: WBA) currently operating as the second biggest pharmacy store chain in the United States behind CVS Health, saw its shares soar 5% up to $81.02 at opening, while Rite Aid Corporation (NYSE: RAD) shares tan..