BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
Reuters — Drugstore chain Walgreens Boots Alliance Inc. said on Tuesday it would acquire smaller peer Rite Aid Corp for $17.2 billion including acquired debt.
The $9-a-share cash deal would combine the second- and third-largest U.S. drugstore chains by sales, creating the largest U.S. retail pharmacy chain in numbers of stores.
The price represents a 48% premium to the closing price of Rite-Aid on Monday, the day before the agreement was signed, the companies said in a joint statement.
A Walgreens-Rite Aid deal would need approval from the U.S. Federal Trade Commission, which studies retail mergers to ensure they comply with antitrust law.
Shares of Rite Aid, which had a market value of $6.36 billion at Monday's close, rose as much as 44% to $8.74 on Tuesday after the Wall Street Journal first reported the news. Walgreens stock rose as much as 7 percent to $95.48.