Deals
Walgreens Moves to Force U.S. Decision on Rite Aid Merger
- Companies tell FTC they’ve complied with information request
- Regulators will have 60 days to approve or sue to block deal
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Walgreens Boots Alliance Inc. took steps to force U.S. antitrust officials to decide within two months whether to approve its proposed takeover of rival pharmacy chain Rite Aid Corp.
The companies have notified the Federal Trade Commission that they have complied with the agency’s request for information related to the deal, a move that triggers a 60-day deadline for the commission to clear the merger or sue to block it.