Rite Aid (RAD) volatility elevated on uncertainty Walgreens Boots Alliance (WBA) closing on acquisition
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Walgreens (WBA) Seen Gearing Up for Legal Fight with FTC Over Rite Aid (RAD) - Source
June 26, 2017 3:22 PM EDTAs the FTC prepares to vote on the merger between Rite Aid (NYSE: RAD) and Walgreens (NYSE: WBA), many investors are already looking past the decision with an eye on the legal battle that may determine the fate of the multi-billion dollar tie-up. The FTC is widely expected to block the deal. However, according to a source familiar with the companys thinking, Walgreens is positioning for a fight.
Walgreens has already certified compliance to force the FTC into a decision by July 7th.... More
