Walgreens to sell more assets to make Rite Aid deal
March 16, 2017
Walgreens is working on a deal to sell even more assets to the Fred’s discount chain in order to gain approval from the Federal Trade Commission for its acquisition of Rite Aid. The latest deal with Fred’s is likely to include more than the 865 stores Walgreens initially planned to sell. Fred’s would also get rights to the Rite Aid name for a period beyond the 24 months originally planned.
Recent News
Whole Foods and Amazon Fresh Offer Unlimited Deliveries for $10 a Month
Amazon has unveiled a new program that allows customers of both Whole Foods and Amazon Fresh to receive unlimited grocery delivery for just $10 per month.
GM Reports Surge in Profit on Gas Car Sales
Although General Motors has had trouble selling its electric cars, a recent report indicates that the increase in sales of gas-powered vehicles helped the company generate a profit.
Bubble Tea Bubble Bursts? Popular Brand’s Shares Plunge in IPO
The bubble tea craze has taken over cities of all sizes in the United States, but things aren’t looking good for a popular chain, whose initial public offering (IPO) tanked on the Asian market.
UPMC Cuts 1,000 Jobs Due to Post-Pandemic Challenges
UPMC, the largest employer in Allegheny County, Pennsylvania, is laying off about 1,000 employees. The cuts are a response to challenges in the post-pandemic healthcare market.