After receiving feedback from the Federal Trade Commission that led Rite Aid and Walgreens to believe that they would not be able to obtain the clearance to complete the merger, the two companies terminated the original merger agreement, and simultaneously entered into an asset purchase agreement on June 28, 2017.

The bankrupt drugstore chain is warning that a drawn-out sale process could lead to significant customer attrition that would inundate other pharmacies. Bids are due on Tuesday for companies hoping to acquire Rite Aid’s prescriptions business,

Rite Aid Corporation announced it is pursuing a strategic sale of substantially all its assets, initiating voluntary Chapter 11 proceedings in the U.S. Bankrupt