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600 Walgreens To Close Following $4.3 Billion Rite Aid Deal

Walgreens will be closing hundreds of New Jersey locations.
Walgreens will be closing hundreds of New Jersey locations. Photo Credit: Danny LoPriore

Nearly 600 Walgreens stores will be closing after the company received approval to purchase more than 1,900 Rite Aid stores in a $4.3 billion dollar cash deal, NJ.com reports.

Walgreens has not announced which stores will shutter, but most that will are within a mile of another, the article says.

Closings are expected to begin in 18 months, according to NJ.com.

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