retail news in context, analysis with attitude

Crain’s Chicago Business reports that Walgreen Co. plans to buy 12 Rite Aid stores in California and Idaho, a move designed to bolster its western US presence. Terms for the deal were not disclosed.

• The Associated Press reports that three men have been arrested and charged with trading inside information that allowed them to make a $7 million profit on the sale of Albertsons in 2006.

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