Walgreen (NYSE: WAG) announced Wednesday that it would acquire 25 Snyder's Drug stores in the Minneapolis area, broadening the company’s reach in the Midwest, according to Associated Press.
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Several stores will continue operating with Snyder's employees and Walgreen gets access to all prescription files.
Terms of the sale were not disclosed, but the deal will mean the end of the Snyder’s brand, which was founded in 1928.
Walgreen Co. shares rose 27 cents, or 0.75 percent, to $37.01.
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