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Five takeaways about the new Walgreens-Rite Aid deal
The drug store industry awoke Thursday morning to arguably the biggest story of the year — the news that Walgreens and Rite Aid had agreed to scrap their original merger agreement one more time, this time in favor of a much smaller, seemingly more manageable deal to purchase 2,186 Rite Aid stores for $5.18 billion in cash. In the first several hours following the announcement of the deal, Chain Store Age sister publication, Drug Store News identified five important takeaways from the blockbuster agreement. -
Phillips Edison acquires six grocery-anchored shopping centers
Cincinnati -- Phillips Edison Grocery Center REIT II, Inc. expanded its portfolio in California, Wisconsin and Florida, with the acquisition of six grocery-anchored shopping centers. They include:
Moreno Marketplace in Moreno Valley, California

