After completing the purchase of half of all Rite Aid stores, Walgreens is closing nearly a third of them. https://www.newsmax.com/thewire/walgreens-closing-stores-600/2017/10/25/id/822120/
Walgreens acquired 2000 stores recently from Rite Aid and is closing 600 of them , saying they are too close to their Walgreens locations. This is blatantly anti-competitive and Walgreens should be broken up for anti-trust violations as a result. Rite Aid shareholders already have gotten screwed as their shares lost 75% of their value year after year, due to a shitty CEO. The CEO and management have made out like bandits with all these deals and left the shareholders and the workers as the bag holders. It is time the Trump administration made an example of these unscrupulous unethical jerks and broke their company up into tiny parts, preferably into mom and pop stores. These transactions of late demonstrate exactly what is wrong with the American economy. Its all about monopolizing and screwing the workers and shareholders of smaller companies.