Walgreens To Buy Rite Aid As Stefano Pessina Plans For Obamacare's Squeeze

Walgreens Boots Alliance (WBA) said it will buy Rite Aid (RAD) for about $9.4 billion as Italian billionaire Stefano Pessina lives up to his plan to consolidate the U.S. pharmacy market as the government becomes more involved in reimbursing pharmacies and other health care providers under the Affordable Care Act. Walgreens, the [...]