SPARTANBURG Co., SC (WSPA) – Rite Aid and Walgreens have agreed to cancel a proposed merger, but Walgreens will buy more than 2,000 stores and the Spartanburg County Rite Aid distribution center.
A total of 2,186 Rite Aid stores in the Northeast, Mid-Atlantic, and Southeast, along with three distribution centers, are being sold to Walgreens.
The Spartanburg County distribution center is among the three being sold.
In a press release, Rite Aid did not specify which stores are being included in the sale.
The deal has been approved by both companies.
Walgreens will pay a $325 million termination fee in addition to the $5.175 billion for the stores and distribution centers.
The 900,000 square-foot distribution center is located along Business 85 near Parris Bridge Road and Highway 221 in Spartanburg County.
The building opened in June 2016.