February 26, 2024 by MMR
Federal Trade Commission, FTC, National Grocers Association (NGA), NGA President and CEO Greg Ferrara
Leading Headlines, Retail News, Topics
WASHINGTON — The National Grocers Association (NGA), which represents independent food retailers and wholesales, issued a statement supporting the Federal Trade Commission’s decision to challenge the merger of Kroger Co. and Albertsons’ Cos. “Every day, America’s local independent supermarkets face economic challenges due to the influence of massive power buyer chains who use their leverage
October 2, 2017 by MMR
Federal Trade Commission, Rite Aid, Walgreens Boots Alliance, WBA
2017, Issue 10-02-2017, Issues
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) last month received clearance from the Federal Trade Commission to expand its business through the purchase of 1,932 Rite Aid stores for $4.38 billion. That’s fewer Rite Aid stores than it had sought to acquire, but the companies were forced to revise the deal a number of times
September 18, 2017 by MMR
Federal Trade Commission, Rite Aid Corp., Walgreens Boots Alliance, WBA
Leading Headlines
NEW YORK — Walgreens Boots Alliance (WBA) reportedly is modifying its agreement to buy 2,186 stores from Rite Aid Corp. to gain Federal Trade Commission approval for the deal, reached upon the termination of their planned merger. Bloomberg reported early Monday that WBA is winding down talks with the FTC and could soon unveil an
June 9, 2017 by MMR
Federal Trade Commission, Walgreens-Rite Aid
Leading Headlines, Retail News
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,
June 7, 2017 by MMR
Federal Trade Commission, Rite Aid Corp., Walgreens Boots Alliance, WBA
Featured Articles, Leading Headlines, Retail News
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
May 9, 2017 by MMR
Federal Trade Commission, Rite Aid Corp., Walgreens Boots Alliance, WBA
Featured Articles, Leading Headlines, Retail News
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
January 26, 2017 by MMR
Federal Trade Commission, Rite Aid Corp., Walgreens Boots Alliance, WBA, WBA executive vice chairman and chief executive officer Stefano Pessina
Featured Articles, Leading Headlines, Retail News
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
October 31, 2016 by MMR
Federal Trade Commission, Rite Aid Corp., Walgreens Boots Alliance Inc., WBA
2016, Issue 10-31-2016, Issues
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) and Rite Aid Corp. have lengthened the time frame for completing their planned $17.2 billion merger. The companies this month extended the deal’s end date to January 27 from October 27 and said they expect the transaction to close early next year. Under the agreement, WBA and
September 8, 2016 by MMR
Federal Trade Commission, Rite Aid Corp., Walgreens Boots Alliance, WBA
Leading Headlines, Retail News
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
August 1, 2016 by MMR
Ahold NV, Delhaize Group, Federal Trade Commission
2016, Issue 08-1-2016, Issues
WASHINGTON — An agreement to divest 81 stores has cleared the way for the merger of Ahold NV and Delhaize Group. The companies agreed to sell the stores, in seven states, as a condition for approval of the deal by the Federal Trade Commission. The green light from the regulatory agency allows for creation of
July 14, 2016 by MMR
Ahold NV, Delhaize Group, Federal Trade Commission, FTC
Featured Articles, Leading Headlines, Retail News
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
June 27, 2016 by David Pinto
CVS Pharmacy, David Pinto, Federal Trade Commission, Rite Aid, Walgreens, Walgreens Boots Alliance, WBA
2016, Issue 06-27-16, Issues, Opinion
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