Walgreens to Purchase Duane Reade

Walgreens will acquire Duane Reade from affiliates of Oak Hill Capital Partners in a cash transaction for a total enterprise value of $1.075 billion, including the assumption of debt.

The transaction will include all 257 Duane Reade stores located in the New York City area, as well as the corporate office and two distribution centers. Walgreens purchased Duane Reade with existing cash and anticipates the transaction will close by August 31.

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