Monday, January 23, 2017

Walgreens said to face antitrust concerns over Rite Aid fix

Image result for walgreens rite aid acquisitionWalgreens Boots Alliance Inc.'s plan to win U.S. antitrust clearance for its acquisition of Rite Aid Corp. hasn't satisfied officials at the Federal Trade Commission, according to people familiar with the matter.

With just a week left before the companies' deadline to complete the deal, FTC lawyers aren't sold on Walgreen's proposal to sell 865 drugstores to Fred's Inc. to get approval to take over Rite Aid, said two people, who asked not to be identified because the discussions are confidential.. . . more

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