The New York Post late Tuesday reported Kroger may be close to passing on acquiring some 650 stores that Walgreens and Rite Aid would have to sell to gain regulatory approval of their $17 billion merger, placing the deal in jeopardy. “The FTC is trying to preserve the stand-alone stores,” a source told The Post. “But Kroger might want to integrate. What happens to Rite Aids it buys that are near Krogers?” (The New York Post)
Nonprofit Folds of Honor kicked off a yearlong tour of its DreamShip hot air balloon at an event with Rite Aid executives and associates, Folds of Honor scholarship recipients, sponsors and New Jersey lieutenant Gov. Kim Guadagno.
Private equity firms are passing on the chance to purchase 650 Walgreens stores, The New York Post reported Tuesday evening. “My sense is this is a pretty tough asset to sell,” a source close to private equity firms told The Post. “Even though Walgreens is offering to help [a buyer] build the corporate infrastructure on an arm’s-length basis.” CVS would like to buy some of the Walgreens stores in areas in which they do not compete, The Post report added. (The New York Post)