Rite Aid (RAD) Has 124% Upside, 28% Downside Into Next Week's FTC Vote

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Go back to Rite Aid (RAD) Has 124% Upside, 28% Downside Into Next Week's FTC Vote

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 EDT

As 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

UPDATE: Rite Aid (RAD) Gains on Volume; CTFN Speculates on Merger Approval

June 26, 2017 11:07 AM EDT

(Updated - June 26, 2017 11:13 AM EDT)

(updated to add link to story)

Rite Aid (NYSE: RAD) gains on volume.

UPDATE: Upside appears related to a CTFN article saying the merger with WBA will be approved.... More