In Finance, Retail

The acquisition of 865 Rite Aid stores would create the third-largest drugstore chain in the US and a competitor in the channel on a national scale. Fred’s Pharmacy’s current door count is 647 across 15 states; the acquisition will bring the total door count to 1,512 stores. The transaction is expected to close after the completion of the Walgreens Boots Alliance’s proposed $9.4 billion acquisition of Rite Aid.

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