Walgreens Boots Alliance Inc agreed to acquire Rite Aid Corp for $17.2 billion in cash to further expand the company's role in the distribution of medications in the U.S.
Rite Aid Corp
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Drug retailers CVS Health Corp (CVS.N) and Rite Aid Corp (RAD.N) have disabled Apple Inc's (AAPL.O) new electronic payments service Apple Pay from their stores over the weekend, the New York Times reported.
Private equity firm Hellman & Friedman is reportedly considering to sell Catalina Marketing Corp. in a deal that could fetch $2 billion to $2.5 billion. Catalina provides customer-driven marketing services to over 25,000 grocery, drug and department stores in the US.
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