Rite Aid and Fred's hit on report of possible FTC lawsuit
Apr. 19, 2017 1:24 PM ET| About: Rite Aid Corporation (RAD)| By: Clark Schultz, SA News Editor
Rite Aid (RAD -6%) and Fred's (FRED -5.2%) fall sharply after Capitol Forum reports that the FTC is considering a lawsuit over the merger of Rite Aid and Walgreen Boots Alliance (WBA +0.5%).
Some analysts have warned that Walgreens was playing a dangerous game with the FTC by pushing up the regulatory timeline.
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