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NEW YORK — Walgreens is buying rival Rite Aid for about $9.41 billion in cash, creating a drugstore giant with nearly 18,000 stores around the world.
The deal combines the largest and third-largest U.S. drugstore chains, based on store counts. A

Walgreens is buying rival Rite Aid for about $9.41 billion in cash, creating a drugstore giant with nearly 18,000 stores around the world. Bruce Franklin/Press-Herald
Walgreens buying Rite Aid, creating drugstore giant
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