Walgreens and Rite Aid End Billion Dollar Merger

Walgreens Boots Alliance and Rite Aid have ended their $9.4 billion merger due to the Federal Trade Commission’s (FTC) antitrust concerns.

Instead, Walgreens will attempt to purchase half of Rite Aid’s stores for $5.18 billion. ¬†Walgreens and Rite Aid both hope this revised deal addresses all of the FTC’s concerns.

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