Walgreens Boots Alliance announced on Thursday an extension to its proposed $9.4 billion merger with Rite Aid, which was expected to be finalized by the end of the year. Pending approval from the Federal Trade Commission, the companies now expect the transaction to close in early calendar 2017.
Hesitation from Kroger Co. grocery chain regarding its potential purchase of 650 Rite Aid stores is putting the merger in doubt, according to multiple news outlets.
