Walgreens said Tuesday that it will buy its rival Rite Aid for $17 billion.
This will consolidate the country’s second and third-largest drug store chains, and will likely get a close look from regulators, who will need to approve the deal before it goes through. The merger would also intensify the competition between CVS and Walgreens.
Maggie Lake of CNN discusses the deal with Here & Now’s Jeremy Hobson.
Guest
- Maggie Lake, business anchor and correspondent for CNN International. She tweets @maggielake.
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