Albertsons to Buy Rest of Rite Aid (RAD) - WSJ
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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 Rite Aid as Amazon threat looms
February 20, 2018 5:14 AM EST(The Feb. 20 story was corrected to remove a reference to Albertsons dropping IPO plans in 2017 in paragraph 4)
By Siddharth Cavale
(Reuters) - U.S. grocer Albertsons Cos Inc said it would buy drug store chain Rite Aid Corp (NYSE: RAD) to create a company with $83 billion in annual revenue, giving it more clout to compete with bigger chains in an industry fearing the entry of Amazon.Com (NASDAQ: AMZN).
The deal is the latest in a wave of consolidation in the drug retailing... More
