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Shares of drugstore chain Rite Aid Corp fell sharply on Friday on a report that indicated its proposed merger with Walgreens Boots Alliance Inc was having trouble winning U.S. antitrust approval. Rite Aid’s share price dropped as much as 16.7 percent after the Capital Forum reported that the Federal Trade Commission’s staff was prepared to recommend that the agency file a lawsuit to stop the deal. Shares of Walgreens were little changed.
June 10, 2017 at 11:26PM
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