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Federal Trade Commission

Reports: FTC angling to block Walgreens-Rite Aid merger

Reports: FTC angling to block Walgreens-Rite Aid merger

NEW YORK — The Federal Trade Commission is readying a lawsuit to block the Walgreens-Rite Aid merger deal, according to published reports. Citing policy news service Capital Forum, which analyzes the antitrust review of mergers and acquisitions, Investors Business Daily said on Friday that the FTC was “preparing advice” to take action against the transaction,

Rite Aid execs: Merger approval not guaranteed

Rite Aid execs: Merger approval not guaranteed

NEW YORK — In a memo to employees this week, Rite Aid Corp.’s top executives appear to acknowledge that the company’s acquisition by Walgreens Boots Alliance (WBA) may not be cleared by the Federal Trade Commission. “We remain actively engaged in discussions with the FTC to attempt to gain regulatory approval, and there can be

WBA, Rite Aid certify compliance with FTC

WBA, Rite Aid certify compliance with FTC

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) and Rite Aid Corp. said they have met the Federal Trade Commission’s second request for information on their planned merger. Late Monday, WBA and Rite Aid announced that they have “certified substantial compliance,” meaning that they have provided the information needed to determine if the Walgreens-Rite Aid merger

Stefano Pessina: Rite Aid deal talks ‘ongoing’

Stefano Pessina: Rite Aid deal talks ‘ongoing’

NEW YORK — Walgreens Boots Alliance (WBA) is still negotiating with the Federal Trade Commission to gain antitrust clearance for its $17 billion deal to acquire Rite Aid Corp., WBA executive vice chairman and chief executive officer Stefano Pessina said at the company’s annual shareholders meeting. “The FTC is doing its job. The process is

WBA ups store sell-off estimate for Rite Aid deal

WBA ups store sell-off estimate for Rite Aid deal

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) said it’s working on store divestiture scenarios with the Federal Trade Commission to gain clearance for its $17.2 billion deal to acquire Rite Aid Corp. WBA said Thursday that it and Rite Aid “remain actively engaged” in talks with the FTC as the regulator reviews the acquisition, which

Delhaize, Ahold agree to sell 86 stores

Delhaize, Ahold agree to sell 86 stores

BRUSSELS — Delhaize Group and Ahold NV said on Thursday that their United States subsidiaries have reached agreements with buyers to divest a total of 86 stores in a limited number of locations in which the companies’ U.S. subsidiaries both operate. These divestments are being made in connection with the Federal Trade Commission’s (FTC’s) pending

Rivals make each other better

Rivals make each other better

Only days — or weeks — may remain until Walgreens Boots Alliance’s long-delayed acquisition of Rite Aid gets the go-ahead from the Federal Trade Commission. If and when that clearance comes, Rite Aid will officially become part of WBA, and the competition between the Walgreens and CVS Pharmacy drug chains will finally take form so

FTC asks WBA, Rite Aid for info

DEERFIELD, Ill. – As has been expected, Walgreens Boots Alliance Inc. and Rite Aid Corp. announced earlier this month that the two companies have each received a request for additional information (“second request”) from the Federal Trade Commission in connection with WBA’s proposed acquisition of Rite Aid. The second request was issued under notification requirements