FTC Plans to Meet on June 29 as Rite Aid (RAD)/Walgreens (WBA) Deadline Looms
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June 26, 2017 4:35 PM EDT
(Updated - June 26, 2017 4:44 PM EDT)
The FTC's two sitting members plan to hold a closed door meeting on June 29, as the agency intensified its focus on Walgreens Boots Alliance's (NASDAQ: WBA) bid for Rite Aid (NYSE: RAD), according to Bloomberg, citing an announcement. The content of the meeting isn't officially known, as the FTC doesn't comment on closed-door meetings.
Text from announcement:
Closed Commission Meeting
JUN 29, 201710:00AM
EVENT DESCRIPTION
Commission Meeting closed to the Public: Consideration of two nonpublic law enforcement matters, 10 a.m. EDT at 600 Pennsylvania Avenue, N.W., Washington, D.C. 20580. The vote to close the meeting for each of the law enforcement matters was 2-0. Commissioners, FTC employees and consultants, and the stenographer or court reporter preparing any necessary verbatim transcript will attend the closed meeting to the extent permitted under Rule 4.15(c)(1) of the FTC Rules of Practice.
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