Walgreens Close to Finalizing Option Care Purchase

Deerfield, Ill., Walgreen Co. said Tuesday it has completed the $19.50-a-share tender offer by which it is acquiring Option Care Inc., and that it now expects to formally consummate that transaction shortly, according to a report by chicagotribune.com.

The drug store chain announced last month that it had agreed to pay $760 million to buy Buffalo Grove-based Option Care.

Walgreens effected the acquisition by means of a tender offer, and it said Monday morning that it had been tendered 32.7 million, or 94%, of the Option Care shares outstanding.