News Summary: Walgreen plans $438M acquisition

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MAKING ANOTHER DEAL: Drugstore operator Walgreen Co. said Thursday that it will buy a regional drugstore chain focused on the mid-South for about $438 million from Stephen L. LaFrance Holdings Inc. of Little Rock, Ark.

THE DETAILS: The chain includes USA Drug, Super D and May’s drugstores. The acquisition is much smaller than the $6.7 billion cash-and-stock deal Walgreen announced last month for a stake in European health and beauty retailer Alliance Boots.

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