Tag: takeover

June 29, 2017 Off

Walgreens scraps Rite Aid takeover, to buy half its stores

Drugstore chain Walgreens Boots Alliance Inc said it ended its deal to buy Rite Aid Corp after struggling to win antitrust approval, and that it would instead buy nearly half of the smaller rival’s U.S. stores for $5.18 billion (4 billion pounds).

June 1, 2017 Off

Novartis CEO sees no need for big takeover

By Dino Mustafić

Novartis does not need a big acquisition to kick-start growth, Chief Executive Joe Jimenez told investors on Wednesday, playing down suggestions he could use proceeds from a slew of asset sales for a significant takeover.