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

On Radio talking about the Walgreens Rite-Aid Deal.

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 creating 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.

Filmed: 6/30/2017

source