Rite Aid (RAD) Misses Q1 EPS by 4c

Rite Aid (RAD) Back-of-the-Envelope Value Seen at $3/Share

Initial back-of-the-envelope valuation on Rite Aid (NYSE: RAD) after today's Walgreen's deal pegs it at $3/share based on $600M EBITDA at a 8x multiple, according to sources.

Shares are currently trading down 22.7% to $3.04.

Rite Aid (RAD) volatility elevated into terminating merger with Walgreens Boots Alliance (WBA), selling stores

Rite Aid (NYSE: RAD) June weekly call option implied volatility is at 432, July is at 194; compared to its 52-week range of 19 to 188 into terminating merger with Walgreens Boots Alliance (WBA), selling stores.

Fred's (FRED) Comments on Termination of Walgreens-Rite Aid Deal

Freds, Inc. (NASDAQ: FRED) today commented on the termination of the merger between Walgreens Boots Alliance, Inc. (NASDAQ: WBA) and Rite Aid Corporation (NYSE: RAD) and the related asset purchase agreement of Freds with Walgreens and Rite Aid.

Michael K. Bloom, Chief Executive Officer, said, While the acquisition of additional stores was an opportunity for... More

Walgreens (WBA)/Rite Aid (RAD) Terminate Merger Agreement; Walgreens to Buy 2,186 Rite Aid Stores and Related Assets

(Updated - June 29, 2017 7:05 AM EDT)

Walgreens Boots Alliance, Inc. (Nasdaq: WBA) announced today a new definitive agreement with Rite Aid Corporation (NYSE: RAD) under which Walgreens Boots Alliance will purchase 2,186 stores, three distribution centers and related inventory from Rite Aid.

The consideration for the transaction will be $5.175 billion in cash, the assumption by Walgreens Boots Alliance of the related real estate leases and the grant of an option to Rite Aid, exercisable through May 2019 and subject to certain conditions, to become a member of Walgreens Boots Alliances group... More