Walgreens abandons original Rite Aid merger

Walgreens hit pause on its plans The change of heart came after Walgreens failed to win antitrust approval Instead of buying all of Rite Aid Corp, the drugstore chain said it should have an easier time winning antitrust approval if it buys 2,186 of Rite Aid's smaller stores. Walgreens is expected to pay $5.18 billion.