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Walgreens to buy drugstore.com for $429 million

Drugstore.com, the Bellevue online drugstore that survived the dot-com bust to become one of the leading online distributors of drugs, vitamins and beauty products, has agreed to be purchased by Walgreens for $429 million. The purchase price represents a whopping 102 percent premium over the company’s 30-day average closing stock price. “Our acquisition of drugstore.com… Read More