Walgreens working to finalize Rite Aid deal, clear antitrust hurdles

The chief executive of Walgreens Boots Alliance Inc said Thursday that the biggest U.S. drug store chain was pressing on with its purchase of smaller Rite Aid Corp , which was announced in October 2015 and has not closed. Rite Aid Corp said on Dec. 20 that it would sell 865 stores to Fred's Inc for $950 million to satisfy antitrust concerns on the deal, which was valued at $9.4 billion when it was announced in October 2015. The Federal Trade Commission is assessing the proposed merger to ensure