News & Announcements

Weil Serves as Antitrust Counsel to Walgreens Boots Alliance in its Acquisition of Pharmacy Files and Related Inventory of 185 Fred’s Inc. Pharmacies

Weil is serving as antitrust counsel to Walgreens Boots Alliance, Inc., a leading retail pharmacy, health and daily living destination in the United States and Europe, in its definitive asset purchase agreement to acquire pharmacy files and related pharmacy inventory of 185 Fred’s Inc. pharmacies. Under the agreement, the aggregate consideration to be paid by Walgreens to Fred’s is $165 million, subject to adjustment, plus an amount equal to the value of related pharmacy inventory. The transaction, which is subject to Hart-Scott-Rodino antitrust regulatory approval and other customary closing conditions, is expected to close in the first quarter of 2019.

Weil’s Antitrust team includes global Head of Antitrust/Competition Steven Newborn, partner Steven Bernstein and counsel Vadim Brusser.