UPDATE: Rite Aid (RAD) Active on Rumors Deal to Divest Stores is Close

November 16, 2016 2:16 PM EST

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(Updated - November 16, 2016 2:20 PM EST)

Rite Aid (NYSE: RAD) gained Wednesday on rumors that Walgreens Boots Alliance (NASDAQ: WBA) is closing in on a deal to divest stores as part of its plan to obtain FTC clearance to acquire Rite Aid. The source of the rumor is Dealreporter.

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