Report: FTC preparing to block Walgreen’s acquisition of Rite Aid

A new report suggests that Walgreens Boots Alliance’s acquisition of Rite Aid may be in jeopardy.



The Capital Forum reported that the Federal Trade Commission's staff are prepared to recommend that the agency file a lawsuit to stop the deal, according to Reuters. A source close to the deal told Reuters that FTC staff has asked companies and groups concerned about the deal for depositions and affidavits that could be used in a lawsuit aimed at stopping it.



Walgreens and Rite Aid have been waiting for FTC approval since Walgreens made its initial offer in October 2015.



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