Walgreens announced it is buying Rite Aid

Walgreens, the largest drug store chain in the country, announced today that it is buying Rite Aid for $9.4 billion.

What does this mean for both stores?

According to CouponsintheNews.com, Rite Aid will be a subsidiary of Walgreens and both will continue to operate under their current names. In time, as the stores integrate, I am sure we will see changes. For now, it appears that it will be business as usual.

The deal is expected to close in late 2016.