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Walgreens actively in talks with FTC, Rite Aid

Staff Writer |
Walgreens Boots Alliance (WBA) is said to be still working on its deal with Rite Aid (RAD), just a day ahead of the deadline.

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Walgreens chief Stefano Pessina said at the annual shareholders meeting that the drugstore giant is "actively engaged in dialogue with the FTC," according to Forbes.

He also reportedly said that Walgreens is still "actively in discussions" with Rite Aid to make the deal work.

The Federal Trade Commission (FTC) was apparently not convinced that Walgreens' plan to sell Rite Aid 865 stores to Fred's is enough to for the deal pass antitrust muster, according to a Bloomberg report last week that cites people familiar with the matter.

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