Wednesday, March 15, 2017

Walgreens Said Poised to Sell More Assets to Win Rite Aid Nod

Walgreens Boots Alliance Inc., the pharmacy chain grappling with U.S. antitrust officials over its planned takeover of Rite Aid Corp., is poised to pitch a new proposal to win approval for the deal, according to people familiar with the talks.

Walgreens is nearing an agreement to sell more assets to Tennessee-based discount chain Fred’s Inc. -- boosting the number of stores and adding distribution centers, software and personnel, according to one of the people.  . . . more

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