MEMPHIS — The overhaul of Fred’s Inc. will continue despite the collapse of its pending purchase of 865 stores in connection with the now abandoned Walgreens-Rite Aid merger, the regional chain said yesterday. “While the acquisition of additional stores was an opportunity for growth, we always viewed it as a potential outcome that would accelerate
April is here — and still no resolution on the pending acquisition of Rite Aid Corp. by Walgreens Boots Alliance Inc. As time stretches out, this indecision bodes ill for an acquisition that was until recently viewed as an agreement with benefits for both parties. Now, confusion is apparently overtaking certainty — and there is
After being announced well over a year ago and endless speculation, it looks like the Federal Trade Commission is set to sign off on Walgreens Boots Alliance’s planned acquisition of Rite Aid Corp. The New York Post reported late Wednesday evening that WBA is bullish that it’s latest store divestiture proposal will sway the FTC