Losing the California contract will have a small impact on Walgreens' revenues, as the company reported $132.7 billion in sales for the fiscal year that ended Aug. 31.
The acquisition comes just three months after a nearly $9-billion investment by Deerfield-based rival Walgreens in VillageMD’s acquisition of Summit Health-CityMD. And that deal was announced two months after CVS said it would spend $8 billion to acquire home health care provider Signify Health.
Sterigenics announced Monday that a claims administrator will be appointed to distribute the money to as many as 870 people who had sued the Oak Brook, Illinois-based company.
Weber, based in Palatine, Illinois, went public in August 2021 at $14 a share. Shares, which were listed on the New York Stock Exchange under the “WEBR” ticker symbol, closed Friday at $6.50.
Construction can begin on new passenger terminals at Chicago's O'Hare International Airport following the completion of an environmental review, the Federal Aviation Administration said.
Two of the largest U.S. pharmacy chains, CVS Health and Walgreen Co., announced agreements in principle Wednesday to pay about $5 billion each to settle lawsuits nationwide over the toll of opioids, and a lawyer said Walmart is in discussions for a deal.
A bipartisan group of attorneys general is asking Albertsons to delay a $4 billion payout to its shareholders until they can complete a review of Kroger's planned acquisition of the grocery chain.
Shares of Deerfield, Illinois-based Walgreens climbed more than 2% to $32.77 in Thursday morning trading while the Dow Jones Industrial Average fell over 1%.
One of the world's largest meat producers said Wednesday that corporate staff at its Chicago and Downers Grove, Illinois, locations and Dakota Dunes, South Dakota, office will begin relocating early next year.
The agreement is the second in the past year between advocacy groups and BP involving the refinery on the southwestern Lake Michigan shoreline between Hammond, Indiana, and Chicago.