Monday, June 12, 2017

FTC may block Walgreens/Rite aid deal

Walgreens, Rite Aid combo to spread drugstore health kickShares of drugstore chain Rite Aid Corp. fell sharply on Friday on a report that indicated its proposed merger with Walgreens Boots Alliance Inc. was having trouble winning U.S. antitrust approval.

The Federal Trade Commission's staff was prepared to recommend that the agency file a lawsuit to stop the deal. Shares of Walgreens were little changed.. . . more

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