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Daily News Headline 10/28/15

posted Oct 28, 2015, 5:57 AM by Nancy Berry
In the news this morning, the second largest drug store chain announced on Tuesday that it is purchasing the third largest drug store chain.  Walgreens said it would buy Rite Aid for $17.2 billion.  The deal will leave the US with only two major drug stores, CVS and Walgreens.  Retail pharmacies have been fending off competition from mail-order prescription discounters, online pharmacies, and wholesale retailers which has resulted in the demise of the mom-and-pop drug store industry.