Walgreens/Rite Aid merger axed, Walgreens still expands

In addition to canceling the previously planned acquisition, Rite Aid will no longer be selling a large portion of its stores to Fred's Inc. This previous deal would have had Fred's purchase 865 stores, and possibly up to 1,200 stores, a move the FTC had requested to allow the Walgreens/Ri...

Full description

Saved in:
Bibliographic Details
Published in:Drug Topics 2017-07, Vol.161 (7), p.5
Main Author: Hamm, Nicholas
Format: Magazinearticle
Language:English
Subjects:
Acquisitions & mergers
Antitrust
Antitrust law
Drug stores
Drugstores
Mergers, acquisitions and divestments
Pharmaceutical industry
Pharmacy
Pharmacy benefit management
Regulatory approval
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:In addition to canceling the previously planned acquisition, Rite Aid will no longer be selling a large portion of its stores to Fred's Inc. This previous deal would have had Fred's purchase 865 stores, and possibly up to 1,200 stores, a move the FTC had requested to allow the Walgreens/Rite Aid merger to go through. Since the new deal was announced, shares of Rite Aid dropped 16.4% while Walgreens' price ticked up slightly. According to...
ISSN:0012-6616
1937-8157