Walgreen Boots Alliance plans to divest more stores than it expected as it awaits the Federal Trade Commission's decision of Walgreens' proposed Rite Aid acquisition, reports Wall Street Journal.
The drugstore operator said it expects to divest between 500 and 1,000 stores before the FTC will approve the acquisition. Walgreens previously expected to divest around 500 stores, according to the article.
Walgreens agreed to buy Rite Aid for $9.4 billion in October 2015.