Rite Aid Corporation (RAD) Stock: Is There Life After Failed Walgreens Merger?
Walgreens and Rite Aid called off their merger but made a secondary deal instead that where WBA will buy 2,186 RAD stores for$5.2 billion. Also, Walgreens will pay Fred’s, Inc. (NASDAQ:FRED) a $325 million termination fee for ending its agreement to sell the Tennessee discount retailer and pharmacy as many as 1,200 Rite Aid stores. My position on RAD stock before the merger was simple: If the sale doesn’t go through for whatever reason, Rite Aid was in trouble.
Source:: https://finance.yahoo.com/news/rite-aid-corporation-rad-stock-091519465.html
