Rite Aid (Finally!) Gets OK to Sell Stores to Walgreens
Only months after Rite Aid's (NYSE: RAD) planned merger with Walgreens Boots Alliance (NASDAQ: WBA) fell apart, the two companies have successfully convinced regulators to OK a smaller deal in which Walgreens will acquire 1,932 stores and three distribution centers for $4.375 billion in cash.
The agreement puts Walgreens in a better position to compete with the nation's biggest retail pharmacy chain, CVS Health (NYSE: CVS), and it gives Rite Aid much-needed cash that it can use to repair its balance sheet and revamp its remaining business.
Image source: Getty Images.
Source: Fool.com
Walgreens Boots Alliance Inc. Aktie
14,60 €
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Die Walgreens Boots Alliance Inc. Aktie steht nicht so gut da: Mehr Sell- als Buy-Einschätzungen in der Community.
Ein unerwartetes positives Potenzial von 105.45% für Walgreens Boots Alliance Inc., trotz eines höheren Kursziels von 30 € als der aktuelle Kurs von 14.6 €.
