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Walgreen Co. to Sell Pharmacy Benefit Management Business to Catalyst Health Solutions, Inc.

DEERFIELD, Ill.--(BUSINESS WIRE)--Walgreen Co. (NYSE: WAG)(NASDAQ: WAG) today announced a definitive agreement with Catalyst Health Solutions, Inc. (NASDAQ: CHSI) under which Catalyst will acquire Walgreens pharmacy benefit management business, Walgreens Health Initiatives, Inc. (WHI), in a cash transaction for $525 million, subject to certain adjustments. The transaction is structured as an acquisition of all of the capital stock of WHI.