Buy Rite Aid Stock Now, and Get Its Stores for Free
Rite Aid (NYSE: RAD) is selling over 2,100 stores to Walgreens Boots Alliance (NASDAQ: WBA), and that's got investors wondering if it will be able to survive in what's become a cutthroat industry. Nevertheless, a $2.4 billion market cap seems a bit light to me, given that the company's pharmacy services segment might be worth that much alone.
Walgreens Boots Alliance had planned on buying Rite Aid lock, stock, and barrel for between $6.50 to $7 per share, but regulators objected to the combination. As a result, Walgreens Boots Alliance has exchanged plans for an outright purchase for a plan to acquire 2,186 Rite Aid stores for $5.17 billion in cash, plus a $325 million breakup fee.
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Source: Fool.com
Walgreens Boots Alliance Inc. Stock
€16.55
1.430%
Currently there is a rather negative sentiment for Walgreens Boots Alliance Inc. with 3 Buy predictions and 5 Sell predictions..
On the other hand, the target price of 32 € is above the current price of 16.55 € for Walgreens Boots Alliance Inc., so the potential is actually 93.38%.
