News & Announcements

Weil Team Secures FTC Approval for Walgreens/Rite Aid Deal

On September 18, 2017, following a two-year review, Weil obtained FTC approval for Walgreens Boots Alliance’s acquisition of almost 2,000 Rite Aid stores. The original deal was to acquire all of Rite Aid for slightly more than $17 billion. After some creative deal-making and an incredible amount of advocacy, the FTC approved a deal that permitted Walgreens to acquire 1932 stores (about 43%) for $4.377 billion. The core team included Antitrust partners Steve Newborn and Steve Bernstein; counsel Vadim Brusser; and associates Megan Granger, Angela Diveley and Brittany Constance.