Browse Tag: walgreens

Walgreens Rite Aid Purchase Hits Antitrust Snag

English: Walgreens in Little Egg Harbor, New J...

With 13,200 stores in 11 countries including over 8,100 in the USA, Walgreens Boots Alliance, home to the venerable Walgreens drugstore brand, made big news in October 2015 when it announced its intention to acquire national drug chain Rite Aid. Rite Aid’s 4,600 stores across the US would join Walgreens in a mega-deal — pending approval by the Federal Trade Commission.

However, recent developments suggest the FTC is not happy with the idea.  By the time the dust settles, Walgreens could be compelled to kill the deal or move over 1,000 stores to the sales block in order to get the deal done

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Rite-Aid Merger: Walgreens Likely To Sell More Than 500 Stores

To ease anti-trust concerns over its $9.41 billion acquisition of competitor Rite Aid, Walgreens, the country’s largest drugstore chain, believes it will likely need to divest or sell off more stores than expected. Earlier in the acquisitions process, the chain felt that fewer than 500 of its stores would have to go; the number is closer to 1,000.

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