Sidley, Weil Rep Walgreen In $409M Buy

Law360, New York (March 24, 2011, 11:58 AM EDT) -- Walgreen Co. said Thursday it would acquire online retailer and its stable of Web properties for $409 million, two weeks after the pharmacy giant unloaded a benefits management business for $525 million in cash. stockholders will get $3.80 in cash for each share of stock, a premium of 102 percent over the Bellevue, Wash.-based target company's 30-day average closing stock price, the companies said.

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