Friday, January 27, 2017

Walgreens CEO: Company in 'active discussions' to get approval for Rite Aid deal

Image result for walgreens and rite aid With the deadline for the deal set to expire Friday, Jan. 27, Walgreens Boots Alliance CEO Stefano Pessina told shareholders attending the Walgreens Boots Alliance annual meeting Thursday morning that the board of directors for both Walgreens and Rite Aid were in "active" discussions toward getting the deal approved even as the Federal Trade Commission continues to deliberate over the proposed retail pharmacy merger.
"At this time, we are actively engaged in discussion with Rite Aid regarding how to proceed," Pessina said. "These discussions include taking into account anything that is required to gain approval of the transaction.". . . more

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