The Wall Street Journal: Walgreens, Rite Aid slash deal price by at least $2 billion

Walgreens Boots Alliance Inc. and Rite Aid Corp. agreed to reduce the amount Walgreens would pay for its rival by at least $2 billion, after the two companies struggled to get antitrust enforcers to bless the big drugstore deal.

Walgreens WBA, -0.45% in October 2015 agreed to buy Rite Aid RAD, -16.59% for $9 a share, or about $9.4 billion, in a combination that would result in a drugstore chain with more than 10,000 U.S. stores.

Walgreens and Rite Aid on Monday agreed to sell up to 200 stores on top of the 1,000 they originally envisioned to sell when deal was first announced.

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