Walgreen Wraps Up Duane Reade Acquisition

Walgreen Co. completed the acquisition of Duane Reade Holdings on April 9. The transaction includes all 258 Duane Reade stores in the New York City metropolitan area, as well as Duane Reade's corporate office and two distribution centers.

DEERFIELD, Ill. — Walgreen Co. here completed the acquisition of Duane Reade Holdings on April 9. The transaction includes all 258 Duane Reade stores in the New York City metropolitan area, as well as Duane Reade's corporate office and two distribution centers.

The deal, which cost Walgreens just over $1 billion, gives the drugstore retailer the No. 1 position in the country’s largest drug store market.

“I think it’s clear that Walgreens fell behind CVS in acquisition a

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