Albertsons to buy Rite Aid as Amazon threat looms
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Albertson's buying Rite Aid is a Potential Win for McKesson (MCK), Loss for AmerisourceBergen (ABC)/Walgreens (WBA) - Needham & Company
February 20, 2018 7:33 AM ESTAlbertsons buying Rite Aid (NYSE: RAD) is a Potential Win for McKesson (NYSE: MCK), Loss for AmerisourceBergen (NYSE: ABC)/Walgreens Boots Alliance (NASDAQ: WBA), Needham & Company analyst Kevin... More
Rite Aid (RAD) to be Acquired by Albertsons
February 20, 2018 7:04 AM ESTAlbertsons Companies, one of the nations largest grocery retailers, and Rite Aid Corporation (NYSE: RAD), one of the nations leading drugstore chains, announced a definitive merger agreement under which privately held Albertsons Companies will merge with publicly traded Rite Aid.
Under the terms of the agreement, in exchange for every 10 shares of Rite Aid common stock, Rite Aid shareholders will have the right to elect to receive either (i) one share of Albertsons Companies common stock plus approximately $1.83 in cash or (ii) 1.079 shares of Albertsons Companies stock. Depending upon the... More
Albertsons to Buy Rest of Rite Aid (RAD) - WSJ
February 20, 2018 5:31 AM ESTAlbertsons plans to buy the rest of Rite Aid (NYSE: RAD) that isn't being sold to Walgreens Boots Alliance (NASDAQ: WBA), the Wall Street Journal reported.
The combined value of the two companies will be around $24 billion, including debt, the report stated.
... More