Walgreens Boots Alliance Inc. (WBA) is willing to change the number of Rite Aid Corp. (RAD) stores it plans to purchase in order to placate Federal Trade Commission antitrust regulators who are reviewing the sale, Bloomberg reported Monday.
The FTC is reportedly close to ending its review process for the deal and could either make a decision or request more information before concluding its review.
Walgreens would become the country's largest pharmacy chain if the deal is allowed to proceed. Walgreens first announced its plan to purchase Rite Aid for $9.4 billion in 2015, but has run into regulatory roadblocks since then.
Rite Aid shares were up 3.04% to $2.71 midday Monday while Walgreens shares were up 0.69%.
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