Walgreens and Rite Aid have terminated their merger agreement. The decision to terminate the merger agreement follows feedback on the merger’s prospects received from the Federal Trade Commission, Rite Aid said. Rite Aid added that the potential FTC objection led the company to believe that the parties would not have obtained the commission’s clearance to complete the merger.
Supervalu and Unified Grocers said that the United States Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, with respect to their merger.
As the retailers continue to pursue their merger deal, Walgreens Boots Alliance and Rite Aid Corp. have certified substantial compliance with the “Request for Additional Information” issued by the United States Federal Trade Commission.
The Walgreens Boots Alliance takeover of Rite Aid may be facing a major hurdle, according to published reports.
The United States Federal Trade Commission has issued a bulletin seeking public comment on an application for approval by Sycamore Partners II regarding the sale of 330 Dollar Express stores formerly owned by Family Dollar to Dollar General Corp.
Walgreens Boots Alliance said it might have to divest more stores than previously indicated to gain FTC approval for its pending acquisition of Rite Aid Corporation.
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