Leerink Sees 30% Chance Walgreens (WBA)/Rite Aid (RAD) Merger is Approved; Says an Upside Surprise is Possible
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FTC Plans to Meet on June 29 as Rite Aid (RAD)/Walgreens (WBA) Deadline Looms
June 26, 2017 4:35 PM EDT(Updated - June 26, 2017 4:44 PM EDT)
The FTC's two sitting members plan to hold a closed door meeting on June 29, as the agency intensified its focus on Walgreens Boots Alliance's (NASDAQ: WBA) bid for Rite Aid (NYSE: RAD),... More
Walgreens (WBA) Seen Gearing Up for Legal Fight with FTC Over Rite Aid (RAD) - Source
June 26, 2017 3:22 PM EDTAs the FTC prepares to vote on the merger between Rite Aid (NYSE: RAD) and Walgreens (NYSE: WBA), many investors are already looking past the decision with an eye on the legal battle that may determine the fate of the multi-billion dollar tie-up. The FTC is widely expected to block the deal. However, according to a source familiar with the companys thinking, Walgreens is positioning for a fight.
Walgreens has already certified compliance to force the FTC into a decision by July 7th.... More
