Walgreens and Rite Aid extend merger deadline

|About: Rite Aid Corporation (RAD)|By:, SA News Editor

Walgreens Boots Alliance (NASDAQ:WBA) and Rite Aid (NYSE:RAD) agree to extend the end date of their merger agreement to July 31.

The companies say they are "actively engaged" in discussions with the Federal Trade Commission.

RAD +5.90% premarket to $3.95 after Q1 results. WBA inactive.