Kroger (KR) May Not Buy Walgreens (WBA)/Rite Aid (RAD) Stores - NYP
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Kroger (NYSE: KR) is feared to be close to passing on acquiring some of 650 stores Walgreens Boots Alliance (NASDAQ: WBA) and Rite Aid (NYSE: RAD) need to sell to gain regulatory approval for their merger, according to the New York Post. Kroger at first expressed interest in buying the stores after several private equity firms passed, but it may decide not to buy because the FTC recently told it that the 650 stores couldn't be purchased, closed, and operations moved inside the grocery stores. If no solution is found, the FTC can sue to block the deal.
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