Should You Buy Rite Aid Stock Now That the Walgreens Deal Is Done?
Like the series finale of a long-running TV drama, the final act in the deal between Rite Aid Corporation (NYSE: RAD) and Walgreens Boots Alliance (NASDAQ: WBA) had one last plot twist.
The U.S. Federal Trade Commission (FTC) approved an agreement for Walgreens to buy 1,932 stores along with three distribution centers and related inventory from Rite Aid for $4.375 billion. That's fewer stores than Walgreens' previous bid for 2,186 stores. The price tag is also lower than the previous $5.175 billion offer. But the drama is now finally over.
Rite Aid will emerge from the sale of stores to Walgreens as a very different company with different prospects than it would otherwise have. Should you buy Rite Aid stock now that the deal is done?
Source: Fool.com
Walgreens Boots Alliance Inc. Stock
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%.
