Skip to content

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.


From → Uncategorized

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: