Stock Review: Rite-Aid (Rad) & Walgreens (WBA) Merger

By Camari Ellis of Ascension Investment Advisors

Director of Investment Strategy and Research at Ascension Investment Advisors • Jul 9, 2017 at 4:53 PM EDT

Walgreens decided not to buy out drug store chain Rite-Aid for $9.4 Billion. Opting to break the deal, paying Rite-Aid a $325 Million cancellation fee and created a new deal to buy 2,100 Rite-Aid store for a grand total of $5.1 billion.

Walgreens Boots Alliance (WBA) decided not to buy out drug store chain Rite-Aid (RAD) for $9.4 Billion. Opting to break the deal, paying Rite-Aid a $325 Million cancellation fee and created a new deal to buy 2,100 Rite-Aid store for a grand total of $5.1 Billion.

This new deal was created to created to satisfy FTC fears that this deal would be bad for consumers. This deal helps Walgreen expand its territory, giving it over 10,000 stores nationwide.

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