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Walgreens cleared to buy nearly 2,000 Rite Aid stores

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Drugstore chain Walgreens Boots Alliance announced yesterday it received regulatory approval to move forward with the purchase of thousands of Rite Aid stores.

Through the deal worth $4.38 billion, Walgreens would pick up 1,932 stores, 254 less than initially announced.

Walgreens previously sought to buy all of Rite Aid, but faced antitrust challenges.

Read more from Reuters.

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