Tuesday, June 27, 2017

Skepticism persists around Walgreen-Rite Aid deal

Image result for walgreens and rite aidDespite recent optimism, multiple sources close to Walgreen remain skeptical about the odds for the drug chain’s $9.7 billion deal to buy Rite Aid.

The Federal Trade Commission is expected to vote Thursday on Walgreen’s controversial merger with its smaller rival, which would create America’s biggest drugstore chain.

Trade publication CTFN reported Monday that sources close to the talks believed the FTC would likely approve the deal.. . . more

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