CVS-Rite Aid merger speculation grows

RITE AID, the third-largest U.S. drug store chain, has struggled to deal with reduced store sales and a heavy debt load. /
RITE AID, the third-largest U.S. drug store chain, has struggled to deal with reduced store sales and a heavy debt load. /
WOONSOCKET – CVS Caremark Corp. may try to buy Rite Aid Corp. to get a leg up on rival drugstore company Walgreen Co. following the latter’s purchase of New York chain Duane Reade, analysts said. Deerfield, Ill.-based Walgreen revealed Wednesday it will buy Duane Reade for $1.1 billion to take on CVS and Rite Aid…

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