If there’s a Rite Aid store in your neighborhood, the odds are about even that there won’t be for long. The Federal Trade Commission has finally approved a deal between the No. 2 and No. 3 drugstore chains in the country, Walgreens and Rite Aid. Instead of acquiring the smaller chain, Walgreens Boots Alliance will buy around half of its stores. [More]
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Rite Aid: Walgreens Merger Is On Track, Fred’s Buying At Least 1,200 Stores
By 5.4.17 — Updated: 5.9.17
How are things going with Walgreens and Rite Aid, who are still working on their planned merger to become the largest drugstore chain in the United States? In its annual report, Rite Aid reports that the merger is on track, and consumers can expect to have fewer drugstore choices soon, as around 3,300 Rite Aid stores change to Walgreens or close. [More]
Walgreens & Rite Aid Willing To Unload More Stores On Fred’s To Make Merger Happen
By 3.14.17
Walgreens and Rite Aid want to merge and become the largest pharmacy chain in the country, and the Federal Trade Commission is the main obstacle in their path. That’s why Walgreens, the much larger partner in this merger, is preparing a new proposal for the regulators, which would include selling off more stores to what’s now a small regional chain. [More]
Walgreens Slashes $2B From Value Of Rite Aid Merger; Up To 1,200 Stores To Be Sold Off
By 1.30.17
Last Friday, Jan. 27, was the deadline for the deal to close in the proposed acquisition of drugstore chain Rite Aid by competitor Walgreens. Today, the companies announced a revised deal with an eye to meeting Federal Trade Commission approval. This deal values Rite Aid at over $2 billion less, and proposes the sale of hundreds more stores to another drugstore chain. [More]
Walgreens And Rite Aid Still “In Discussions” With FTC On The Merger Deadline
By 1.27.17
Today, Jan. 27, is the deadline for Walgreens and Rite Aid to close the merger that they announced way back in October 2015. The companies didn’t ask for an extension or call the transaction off, so what’s going to happen to this deal? [More]
Report: Kroger Isn’t Interested In Buying A Few Hundred Walgreens Stores
By 10.19.16
If you know anyone who’s interested in buying around 650 grocery stores, Walgreens and Rite Aid would like to hear about it. The two drugstore chains need to find a buyer for between 500 and 1,000 stores to get their merger approved by the Federal Trade Commission, and no one is interested. [More]
Walgreens Will Sell Off Up To 1,000 Stores To Get Approval For Rite Aid Acquisition
By 9.8.16
When two companies in the same business want to merge, a common condition placed on the merger by authorities may be that one or both companies sell part of its business so there’s still some competition in the market. It looks likely that the Federal Trade Commission will approve the proposed merger of Walgreens Rite Aid, but Walgreens may have to give up more locations before the deal goes through. [More]
