This could be a smart move for the chain, which faces strong competition from CVS.
“Walgreens said on Tuesday that it will buy rival Rite Aid in a $17.2 billion deal that would whittle the nation’s one-time mom-and-pop drug-store industry into two massive chains. The deal would combine the second and third largest drug-store operators, and if it gets regulatory approval intensify the already fierce competition between Walgreens and CVS Health.”
