Walgreen Rallies for a Second Day on Drug Pact: Chicago Mover
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Walgreen Co., the largest U.S. drugstore chain, had its biggest two-day rally in eight months after AmerisourceBergen Corp. yesterday agreed to handle its pharmaceutical distribution.
Walgreen rose 2.9 percent to $46.02 at the close in New York and has increased 8.5 percent in the past two days, the biggest increase since July. The Deerfield, Illinois-based chain has gained 24 percent this year, while the Standard & Poor’s 500 Index has advanced 9.3 percent.