Walgreen: a Revenue and Retail Giant

Walgreen Boots Alliance (NASDAQ: WBA) has made a very brilliant move that could make it the third-largest retailer in terms of revenue. That move is the acquisition of Rite Aid (NYSE: RAD) for $17.2 billion.

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Did a Major U.S. Retailer Just Collapse and Nobody Noticed It?

Rite Aid, which operates around 4,600 drugstores in 31 states and the District of Columbia, is about to be taken over by Walgreen Boots Alliance (NASDAQ: WBA). The press is treating the deal as just another corporate buyout, but to me, it sounds as if a very desperate Rite Aid effectively sold itself to Walgreens to avoid the humiliation of bankruptcy or the death spiral

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