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FTC to review Walgreens-Rite Aid deal as applicable, agency says after companies drop merger

( June 29, 2017, 13:49 GMT | Official Statement) -- MLex Summary: The US Federal Trade Commission will review any new deal brought by Walgreens and Rite Aid as applicable, the FTC's Tad Lipsky, acting director of the Bureau of Competition, said in a statement following the news of the companies dropping their merger deal. The companies have entered into a new deal under which Walgreens will buy nearly half of Rite Aids' stores for about $5.2 billion.Statement follows in full....

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