Walgreen is buying out Duane Reade for $618 million in an effort to gain a leading presence in the drugstore industry.According to the New York Times, "The deal, announced Wednesday, will transform the retailer into one of New York City’s biggest sellers of cosmetics and toothpaste without having to resort to costly real estate purchases."
Read about it here.
I wonder what the antitrust implications of this will be?
ReplyDeleteNot a fan of this. They are both across the street from me and the Walgreens is always cheaper than DR. I guess that won't be the case anymore...
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