Walgreens To Buy Rite Aid In $17 Billion Deal03:42
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A pedestrian walks by a Walgreens store on July 9, 2015 in San Francisco, California. (Justin Sullivan/Getty Images)
A pedestrian walks by a Walgreens store on July 9, 2015 in San Francisco, California. (Justin Sullivan/Getty Images)
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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

This segment aired on October 28, 2015.

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