Walgreens Signals FTC OK For Rite Aid Deal Near, Concessions Modest

September 8, 2016 2:15 PM

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Walgreens Signals FTC OK For Rite Aid Deal Near, Concessions Modest

Walgreens Boots Alliance (WBA) signaled Thursday that it expects the Federal Trade Commission to soon approve its pending takeover of rival drugstore chain Rite Aid (RAD), sending shares of both drugstores higher in the stock market today.

Back in February, Walgreen-Rite Aid approval skepticism was widespread, though Rite Aid shares rose nearly 8% last month on renewed optimism.

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