Walgreen Jumps After Renewing Contract With Express Scripts
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Walgreen Co., the largest U.S. drugstore chain, surged the most since 2008 after renewing a contract to provide Express Scripts Inc. customers with prescriptions, ending a dispute that contributed to an 11 percent decline in the retailer’s quarterly profit.
Walgreen, based in Deerfield, Illinois, surged 12 percent to $34.62 at 4:15 p.m. in New York for the biggest gain since Oct. 28, 2008. Express Scripts rose 1.9 percent to $58.76.