AddThis

Drugstore.com announces expiration of HSR waiting period for WAG deal

Walgreens announced plans to acquire online retailer in March

BELLEVUE, Wash. Drugstore.com on Tuesday announced the expiration of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to the proposed merger by which the company would be acquired by Walgreens in a cash transaction.

The deal previously was announced on March 24.

Accordingly, the merger closing condition with respect to the expiration or termination of the waiting period under the HSR Act has been satisfied. Completion of the merger remains subject to satisfaction or waiver of certain other conditions, including approval by the stockholders of Drugstore.com.

The parties continue to expect the transaction to close in June 2011.

© 2014 Retailing Today. All Rights Reserved.