Walgreens/Rite Aid to continue merger prep while waiting on FTC
January 25, 2017
Walgreens’ acquisition of Rite Aid will continue as planned if the two companies do not get approval for the merger from the Federal Trade Commission (FTC) on Jan. 27. The FTC is reportedly concerned that Fred’s, which has agreed to buy 865 drugstores from the chains, may not have the financial wherewithal to complete the deal. The sale of the stores was done to gain regulatory approval for the merger of the two chains.
Recent News
Uber and Lyft Strikes in Metro Atlanta
Uber and Lyft rideshare and delivery drivers in the sprawling metro Atlanta area came together in solidarity with their counterparts nationwide for a significant cause on May 1.
Johnson & Johnson Announces Plan To Resolve All Current and Future Ovarian Cancer Talc Claims
The settlement is worth $6.48 billion.
Some Americans Will Get a Rare Extra Social Security Check This Month
Some Americans may get a rare extra social security check on the last day of May, though it doesn’t mean they will receive extra money.
Krispy Kreme Expands Into Germany
Krispy Kreme is set to extend its sweet reach to Germany through a recent agreement with ISH Kreme, marking its largest franchisee collaboration yet.