FTC's Bureau of Competition director comments on Walgreens' proposed acquisition of Rite Aid

By Mark Iandolo | Jul 6, 2017

WASHINGTON (Legal Newsline) — The Federal Trade Commission (FTC) announced June 29 that Ted Lipsky, the acting director of the agency’s Bureau of Competition, has issued a statement about Walgreens Boots Alliance's proposed acquisition of Rite Aid Corporation.

“The commission staff thoroughly investigated the potential impact that the proposed Walgreens/Rite Aid merger may have had on competition and evaluated a number of divestiture proposals put forward by the parties,” Lipsky said in his statement. “Before the time the companies would have been free to close their transaction absent commission action, they voluntarily withdrew their HSR filings, and the matter is no longer before the commission. Walgreens and Rite Aid have publicly stated they have reached a new agreement relating to certain Rite Aid assets. 

"The FTC will review any new transaction proposed by the parties under the statutes enforced by the commission, as may be applicable.”

Want to get notified whenever we write about U.S. Federal Trade Commission ?

Sign-up Next time we write about U.S. Federal Trade Commission , we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

U.S. Federal Trade Commission

More News

The Record Network