Markets Cheer Walgreen For Express Scripts Deal

  @twitter.com/EleazarMelendez on

Large U.S. drugstore chain Walgreen Co. (NYSE: WAG) announced Thursday it would be renewing its contract with Express Scripts Holding Co. (NASDAQ: ESRX), to provide customers of that pharmaceutical claims manager with prescription drugs at Walgreens retail stores. The deal, which goes into effect Sept. 15, will reinstate a cooperative system between the two companies that ended Dec. 31 of last year.

The market cheered the news. Shares of Walgreen Co. jumped as much as 17 percent in premarket trading and recently went for $34.37, up $3.40, or 10.98 percent from the previous day's close. Shares of Express Scripts Holding Co., rose 2.20 percent to $58.96, on automated NASDAQ trading.

Join the Discussion
Nintendo's Newest Kirby Game Is A Total Detour
Nintendo's Newest Kirby Game Is A Total Detour
Fitbit's First Activity Watch Falls Short
Fitbit's First Activity Watch Falls Short
Dying Light Is The Spiritual Successor To 'Dead Island'
Dying Light Is The Spiritual Successor To 'Dead Island'
The Last Mitsubishi Evolution
The Last Mitsubishi Evolution
The i8 Is Proof BMW Should Make More Mid-Engined Cars
The i8 Is Proof BMW Should Make More Mid-Engined Cars
QD Vision Shows Off Cheap 4K TVs
QD Vision Shows Off Cheap 4K TVs

More Video