Deals
Walgreens Said Poised to Sell More Assets to Win Rite Aid Nod
- New Fred’s deal may include more stores and distribution hubs
- Companies to propose package to antitrust officials soon
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Walgreens Boots Alliance Inc., the pharmacy chain grappling with U.S. antitrust officials over its planned takeover of Rite Aid Corp., is poised to pitch a new proposal to win approval for the deal, according to people familiar with the talks.
Walgreens is nearing an agreement to sell more assets to Tennessee-based discount chain Fred’s Inc. -- boosting the number of stores and adding distribution centers, software and personnel, according to one of the people.