By Anne Steele 

Walgreens Boots Alliance Inc. and Rite Aid Corp. nixed their $9.4 billion merger agreement, which had been heavily scrutinized by antitrust regulators, and reached a new deal in which Walgreens instead will buy half of Rite Aid's stores for $5.1 billion in cash.

Investors had been awaiting a government decision on whether the delayed tie-up between the drugstore chains would go through and had grown increasingly uneasy that the deal could fall apart.

Write to Anne Steele at Anne.Steele@wsj.com

 

(END) Dow Jones Newswires

June 29, 2017 07:37 ET (11:37 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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