• CNBC reports that the acquisition of Rite Aid by Walgreen Boots Alliance is facing "reported resistance from U.S. antitrust regulators."
The story notes that "Walgreens said in September it would divest between 500 and 1,000 stores to help get cleared by the Federal Trade Commission for a $9.4 billion deal to acquire Rite Aid, according to Reuters. However, reports say the antitrust regulators will not accept this concession. The merger agreement was previously scheduled to be completed on October 27, 2016 but was delayed until January 27."
The story notes that "Walgreens said in September it would divest between 500 and 1,000 stores to help get cleared by the Federal Trade Commission for a $9.4 billion deal to acquire Rite Aid, according to Reuters. However, reports say the antitrust regulators will not accept this concession. The merger agreement was previously scheduled to be completed on October 27, 2016 but was delayed until January 27."
- KC's View:
