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US: Walgreens, Rite Aid refile deal proposal with FTC

By  |  August 20, 2017

Walgreens Boots Alliance (WBA) and Rite Aid have voluntarily withdrawn and refiled their antitrust notification with the Federal Trade Commission (FTC), to gain more time for a review of their revised store sale plan.

The new plan sees WBA offer to buy 2,186 stores from Rite Aid for US$5.2 billion. The deadline for the FTC to decide whether to issue a second request for information was August 18, but due to the new refiling, the regulator now has until September 18 to issue such a request.

The two sides are hoping the move will help speed up the process, and avoid another long delay by the FTC in ruling on the deal, like in the case of their earlier full-merger plans.

Full Content: The Street

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