Walgreens Trims Rite Aid Deal to Stores Over Chain

The Rite Aid and Walgreens deal has faced long-standing issues, with regulators finding the proposed remedies insufficient. The deal has been revised to involve only a small proportion of stores, raising questions about Rite Aid's future. Potential buyers, including private equity, may show interest. Fred's, initially set to benefit from divestitures, now faces market challenges as their shares drop due to the revised deal terms.

What implications does the deal have for the competitive landscape in the pharmacy market?

How has the news of the deal's changes affected Fred's shares?