"Walgreen Co. agreed to buy Duane Reade from private-equity firm Oak Hill Capital Partners for $618 million, plus $457 million in debt, making the largest U.S. drugstore chain also the market leader in New York City. Walgreen, which expects to close the purchase by the end of August, said it would retain the Duane Reade name." - Christopher Chung

Wow. Thankfully they're retaining the DR name. A NY without Duane Reade would be a sad place. - Dan Hsiao

There is some serious drug store consolidation going on these days. CVS just took over Longs Drugs not too long ago. - Brian Chang

Whoa! - Andrew C (✔)