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Walgreen-Rite Aid deal scrutiny stepped up; FTC reported split

May 24, 2017

Shares of Rite Aid Corporation RAD 3.39% rose as high as $3.65 in the premarket on Friday, as CTFN reported that there may be a split vote among FTC commissioners reviewing the proposed acquisition of Rite Aid by Walgreens Boots Alliance Inc WBA 0.81%. A former Department of Justice Official was cited in the report.

The New York Post reported last week that the Federal Trade Commission had stepped up its scrutiny of the merger, sending out requests for additional information from Walgreen vendors and competitors.

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