Professor Hassan predicts Walgreen's acquisition of Rite-Aid will lower prices for consumers

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Date: 
Thursday, September 21, 2017
Location: 
Newark, N.J.

Walgreens announced Wednesday it will acquire 1,900 Rite Aid locations, including stores in New Jersey and in New York. The acquisition brings a two-year process to a close, as the deal lingered while some worried how boosting Walgreens' store count could affect competitive pricing. But Mahmud Hassan, a professor of finance and economics at Rutgers Business School, said that's less of a concern to him, as he predicts the deal will force Walgreens and CVS to compete for customers and slash prices. 

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TAGS: Expertise Faculty Mahmud Hassan