FILE

Walgreens to close 600 Rite Aid stores

Walgreens Boots Alliance Inc. announced it would close 600 Rite Aid stores as part of its deal to acquire the drugstore chain.

Illinois-based Walgreens agreed to purchase 1,932 stores, three distribution centers and related inventory from Rite Aid for an all-cash purchase price of $4.375 billion on a cash-free, debt-free basis. Rite Aid will retain approximately 250 additional stores as compared to the prior agreement announced between Rite Aid and Walgreens in June 2017.

» RELATED: 5 new restaurants and retailers coming to The Greene

The deal is expected to go through in spring 2018.

Both Rite Aid and Walgreens have stores across Southwest Ohio. Rite Aid is one of the nation’s leading drugstore chains that currently operates more than 4,500 stores in 31 states. Stores will continue operating as is, the company said.

A list of store closures hasn’t been released yet, but the store closures will happen over the next 18 months.

FIVE FAST BUSINESS READS

Target to offer free online shipping in November on all orders

Meijer, Whole Foods issue recalls: 5 things to know about Ohio impact

Shoe company to close all stores on Thanksgiving

Auntie Anne’s adds 2 new limited time pretzel flavors

STORE CLOSINGS: 75 retailers expected to close on Thanksgiving

Thank you for reading the Dayton Daily News and for supporting local journalism. Subscribers: log in for access to your daily ePaper and premium newsletters.

Thank you for supporting in-depth local journalism with your subscription to the Dayton Daily News. Get more news when you want it with email newsletters just for subscribers. Sign up here.

X