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Walgreens, Rite Aid Shave $2 Billion Off of Deal Price

Walgreens Boots Alliance Inc. and Rite Aid Corp. agreed to reduce the amount Walgreens would pay for its rival by at least $ 2 billion, after the two companies struggled to get antitrust enforcers to bless the big drugstore deal.

Walgreens in October 2015 agreed to buy Rite Aid for $ 9 a share, or about $ 9.4 billion, in a combination that would result in a drugstore chain with more than 10,000 U.S. stores.

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WSJ.com: US Business