• The Wall Street Journal reports that "Walgreens Boots Alliance Inc. and Rite Aid Corp. agreed to reduce the amount Walgreens would pay for its rival by at least $2 billion, after the two companies struggled to get antitrust enforcers to bless the big drugstore deal.
The original deal was said to be worth $9.4 billion.
"The companies said Monday they would look to sell more stores as they seek to satisfy regulators at the Federal Trade Commission, which has been reviewing the combination ... The companies on Monday said they may sell a total of up to 1,200 of Rite Aid’s 4,600 stores—but it is unclear how easily they could find a buyer that satisfies regulators."
The process may take up to six months, the Journal says.
The original deal was said to be worth $9.4 billion.
"The companies said Monday they would look to sell more stores as they seek to satisfy regulators at the Federal Trade Commission, which has been reviewing the combination ... The companies on Monday said they may sell a total of up to 1,200 of Rite Aid’s 4,600 stores—but it is unclear how easily they could find a buyer that satisfies regulators."
The process may take up to six months, the Journal says.
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