Wednesday, March 8, 2017

Walgreen weighs risky FTC gambit in Rite Aid merger

Walgreen is weighing a risky move to force the Federal Trade Commission to vote on its $9.7 billion merger with rival Rite Aid, The Post has learned.

Fed up with repeated delays on getting approval for the deal — which would create the nation’s largest drugstore chain — Walgreen may soon declare that it has “certified compliance” in its application, sources said.

The declaration would mean that, in Walgreen’s opinion, it has given regulators substantially all the information they need to make a decision.. . . more

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