The grocery company Albertson’s, owner of Safeway and several other supermarket chains, plans to buy a majority stake in Rite Aid. The combined company will have 4,900 locations across 38 states and the District of Columbia. Company executives cited Amazon’s purchase of Whole Foods as one reason for the buy.
Amazon can proceed with its purchase of Whole Foods after getting the green light from the Federal Trade Commission, which determined that the deal will not reduce competition in the grocery sector. The FTC announced its decision hours after Whole Foods’ stockholders approved the $13.7 billion transaction, said CNBC.
U.S. regulators are taking more time to study ChemChina's deal to buy Syngenta, says Bloomberg, citing the Swiss seed and ag chemical company. The transaction is one of three that would transform the seed and chemical sector into a "big three" from a "big six."