Walgreen To Snap Up Duane Reade For $1.1B
Announcing the deal Wednesday, Walgreen said it planned to buy Duane Reade from affiliates of private equity firm Oak Hill Capital Partners using existing cash. The deal is expected to close before the end of Walgreen's fiscal year, which ends Aug. 31.
Duane Reade is the largest drugstore chain in the New York metropolitan area....
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