-
Analyst take: New Walgreens-Rite Aid deal a ‘good compromise’ if regulators approve it
The news that Walgreens is to scrap its $9.4 billion merger with Rite Aid is unsurprising. The glacial pace of the Federal Trade Commission investigation and increasing signals that the federal government would disallow the merger have forced a rethink.
In some ways, the process so far has been a colossal waste of resources and effort. Walgreens has to pay out a $325 million termination fee to Rite Aid, and all parties — including Fred's, which was due to acquire some Rite Aid stores — have invested time and money with very little to show for it.
-
FTC sets closed-door meeting ahead of next week’s Walgreens-Rite Aid merger deadline
WASHINGTON — The Federal Trade Commission’s is set to hold a closed-door meeting on Thursday. The meeting comes in the lead-up to the Jul. 7 deadline by which the regulatory agency has to approve or file suit to block the Walgreens-Rite Aid merger.