Rite Aid Pharmacy & Business News

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Report: Walgreens, Rite Aid merger approval imminent

By this time next week, the FTC is expected to have approved the Walgreens Boots Alliance/Rite Aid merger, including the divestiture of 865 stores to Fred's, The New York Post reported late Tuesday, citing sources close to the case. "[T]he FTC will likely ask Fred’s — which will more than double in size after it buys the Rite Aid stores — to raise additional equity to help stabilize its financing after closing," The Post reported. The deal approval is being expedited prior to the inauguration of President Donald Trump, The Post added. (The New York Post)