Walgreens, Rite Aid Scrap Merger Plans

Walgreens and Rite Aid have terminated their merger agreement. The decision to terminate the merger agreement follows feedback on the merger’s prospects received from the Federal Trade Commission, Rite Aid said. Rite Aid added that the potential FTC objection led the company to believe that the parties would not have obtained the commission’s clearance to complete the merger.

Walgreens Boots, Rite Aid Push Merger Completion

As the retailers continue to pursue their merger deal, Walgreens Boots Alliance and Rite Aid Corp. have certified substantial compliance with the “Request for Additional Information” issued by the United States Federal Trade Commission.

Fred’s Adds Two To Board

Fred’s Inc. had added two new board members as the company awaits a decision from the Federal Trade Commission on its acquisition of 865 Rite Aid locations.

Walgreens, Rite Aid Extend Merger Deadline

In accordance with the terms of their merger agreement, Walgreens Boots Alliance and Rite Aid have mutually agreed to extend the end date of their merger deal from October 27, 2016, to January 27, 2017. The companies now expect the transaction will close in early calendar 2017.

Walgreens Enhances Rewards Program With Beauty Club

Walgreens has launched Beauty Enthusiast, a new beauty club within its Balance Rewards loyalty program. Consumers who are cardholders who register for Beauty Enthusiast will gain additional rewards on beauty and personal care items, as well as other benefits.

Rite Aid Slips In Q2

Rite Aid said its retail pharmacy segment sales were pressured in the second quarter, resulting in a decline in net income and a slip in comparable store sales.