Walgreens scraps Rite Aid merger, will instead buy half its stores
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Rite Aid (RAD) Back-of-the-Envelope Value Seen at $3/Share
June 29, 2017 8:32 AM EDTInitial 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.
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