Walgreens to Buy Duane Reade

DEERFIELD, Ill. Drug store giant Walgreen Co. said last week it has agreed to buy Duane Reade, the iconic New York City banner, for $1.075 billion, including assumption of about $457 million in debt. Walgreens said it plans to retain the name on the stores and continue the banner's current remodeling efforts, and it hopes to bolster efficiencies and strengthen the chain's pharmacy and health and wellness

DEERFIELD, Ill. — Drug store giant Walgreen Co. said last week it has agreed to buy Duane Reade, the iconic New York City banner, for $1.075 billion, including assumption of about $457 million in debt.

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