The Walgreens-Rite Aid Combination: Act 2

14 July 2017 Publication


Gardere partner Randy D. Gordon, chair of the firm’s antitrust and trade regulation practice group, published an article with Law360 regarding the recent recasting of the proposed Walgreens-Rite Aid merger as a partial acquisition.

“Instead of a complete walkaway, Walgreens has now proposed to buy about half of Rite Aid’s stores. If this arrangement is sustained, which Walgreens’ CEO Stefano Pessina believes will be the case, Walgreens will hold a strong position against its principal rival, CVS,” Gordon said.

Subscribers can access the full article here.

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