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The nationwide drugstore chain must pay the government at least $300 million and will owe another $50 million if the company is sold, merged, or transferred before 2032, according to the settlement.
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A buyout to take the drugstore chain private would give it more flexibility to make changes to improve its business without worrying about Wall Street's reaction.
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Walgreens says about a quarter of its stores are unprofitable. Big pharmacy chains are struggling with growing retail competition and lower prescription payouts.
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Businesses and city services for workers continued to adjust throughout the coronavirus crisis. As restrictions on the community changed to reflect…