UPDATE: Rite Aid (RAD) Climbs; Walgreens (WBA) Said to Sign Up Suitors for Divestitures - DealReporter

October 7, 2016 2:22 PM EDT

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(Updated - October 7, 2016 2:36 PM EDT)

(Updated - October 7, 2016 2:24 PM EDT)

Rite Aid (NYSE: RAD) climbed Friday on reports that it and acquirer Walgreens (NYSE: WBA) signed confidentiality pacts with buyers of divestitures. According to DealReporter, citing two sources, potential buyers include Kroger (NYSE: KR), CVS Health (NYSE: CVS), Fred's (NASDAQ: FRED), and KPH Healthcare's Kinney Drugs.

Rite Aid and Walgreens are open to selling all stores to a single buyer or dividing them up.

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