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Rite Aid (RAD) Stock Slumps, Kroger Won't Buy Stores

NEW YORK (TheStreet) -- Shares of Rite Aid (RAD) were sliding in early morning trading on Wednesday as Kroger (KR) may not buy some of the 650 locations Rite Aid and Walgreens Boot Alliance (WBA) need to close to gain approval for their $17 billion proposed merger, sources told the New York Post.

The Federal Trade Commission recently told Kroger that it would not be able to close the stores and move operations inside Kroger grocery locations, the sources said.

If the companies are unable to reach a solution, the FTC could sue to...