Options traders are pricing in a big move for Rite Aid Corporation (RAD) shares as it has huge implied volatility.
Discount retailer, Fred's Inc. (FRED) seems to have stolen the show and emerged as the big winner from the proposed merger between Rite Aid Corporation (RAD) and Walgreens Alliance, Inc. (WBA).
Walgreens Boots Alliance is committed to buying Rite Aid even as the acquisition target’s stock price is well below the even lower price Walgreens executives have agreed to pay.
On Mar 8, we issued an updated research report on Illinois-based leading pharmacy-led, health and wellbeing enterprise Walgreens Boots Alliance, Inc. (WBA).
Fred's Inc. (FRED) witnessed a soft start to fiscal 2017, with comps exhibiting a year-over-year decrease in the first month of the first quarter fiscal 2017.
Investors in Rite Aid Corporation (RAD) need to pay close attention to the stock based on moves in the options market lately.
Rite Aid Corp. (RAD) and Walgreens Boots Alliance Inc. (WBA) jointly agreed upon a Jul 31, 2017 deadline for the deal and slashed the offer price to accommodate more store divestitures that would help gain regulatory approval.
Concerns increase on whether regulators will approve takeover
On Monday, shares of retail drugstore chain Rite Aid (RAD) are tanking, down around 17% in afternoon trading after Walgreens Boots Alliance (WBA) said it would pay a lower price per share in its pending acquisition of the company
Walgreens Boots Alliance said it will pay less for Rite Aid and potentially divest up to 1,200 stores -- 200 more than planned -- in order to complete the deal for the rival drugstore chain.
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