Monday, September 18, 2017

Walgreens Said to Tweak Rite Aid Deal to Gain U.S. Approval

Image result for walgreens and rite aidWalgreens Boots Alliance Inc. is poised to revise its agreement to buy individual Rite Aid Corp. stores, a move that may be enough to resolve outstanding antitrust concerns and clinch U.S. approval for a deal the companies have been pursuing in different forms for two years, said people familiar with the matter.

The companies and the FTC are close to an agreement that would allow the deal to proceed, said the people, who declined to discuss details of the revised transaction. The number of stores involved in the latest iteration won’t change dramatically, one of the people said.. . . more

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