Duane Reade : Walgreen Company (clown) this morning announced plans to seize privately held pharmacy chain Duane Reed Holdings for 1.075 billion dollars in cash. Under the agreement, Harlequin will get the 257 sites, all based in New York City subway. These stores will continue to operate under the brand Duane Reid after treatment in its final form.
Duane Reed is not huge, but strong. According to a statement issued by the camp Walgreens, the series has the highest sales in the United States square feet between pharmacies. For the 12 months ended December 26, Duane Reed unaudited sales came in at $ 1.8 billion dollars.
In a deal expected to close by August 31st. While the acquisition costs are expected to affect earnings over the green the next 12 months, and will help to reduce costs by up to $ 130 million by the third year.
Duane Reid will be loyal to the store to continue to frequent even once is part of a corporate giant? It is likely, according to a local pharmacy or convenience of proximity to health and beauty AIDS must win. I live in Chicago, is home to green the company’s headquarters, and that is a good feeling that no matter where I am in the city, a Walgreens is just around the corner next. It is likely that the Manhattan ites have secured himself with Duane Reed, and will continue to do so.
House works for Options News Network (www.ONN.tv), which provides stock options daily commentary. The above comments are not intended to provide business advice.
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