Rite Aid (RAD) Ticks Lower as Timing of Resolution to FTC Review Questioned

August 24, 2016 9:21 AM EDT

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Rite Aid (NYSE: RAD) was poised to open lower Wednesday after Mlex yesterday reported that it and Walgreens Boots Alliance (NASDAQ: WBA) are "still months away" from resolving the FTC review of the proposed merger.

The two companies are also months away from responding to the FTC's antitrust concerns and lining up potential buyers of drugstores that will likely need to be divested.

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