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.
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Source: Fool.com
Walgreens Boots Alliance Inc. Stock
€16.04
-0.250%
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 16.04 € for Walgreens Boots Alliance Inc., so the potential is actually 99.48%.
