Walgreens to buy Rite Aid for $9.4B
NEW YORK – Walgreens is buying rival Rite Aid for about $9.41 billion in cash, creating a drugstore giant with nearly 18,000 stores around the world.
The deal combines the largest and third-largest U.S. drugstore chains, based on store counts. And it makes one of the world’s largest pharmaceutical buyers even bigger at a time when other key health care players also are expanding through multibillion dollar deals.
Walgreens said it will pay $9 for each share of Rite Aid Corp. That’s a 48 percent premium to Rite Aid’s closing price of $6.08 Monday.
Walgreens has two local stores, one in Durango and one in Cortez. Rite Aid has a store in Durango.
Right-wing party wins elections in Poland
WARSAW, Poland – The right-wing and anti-migrant Law and Justice party has won a majority of seats in Poland’s parliament and can govern alone, the state election authority announced on Tuesday.
The party got 235 seats in the 460-seat lower house of Poland’s parliament and also won a majority in the Senate, the strongest position any single party has ever enjoyed in post-communist Poland to reshape the nation according to its visions.
For Law and Justice, which also has the backing of President Andrzej Duda, that means advocating a combination of Catholic conservative moral policies and increasing state intervention in the economy to help families and the poor. The party also took a strong anti-migrant stand during the election campaign.
Associated Press
