HALISTER: Walgreens Boots, Rite Aid in Amendment, Extension to Merger

Walgreens Boots, Rite Aid in Amendment, Extension to Merger

(Bloomberg) -- Walgreens Boots Alliance, Rite Aid to reduce price for each share of RAD stock to be paid by WBA to range of $6.50-$7.00.
  • In addition, WBA will be required to divest up to 1,200 RAD stores and certain additional related assets if required to obtain regulatory approval
  • RAD down as much as 21% on volume >600k
  • Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
KKR US (KKR & Co LP)
RAD US (Rite Aid Corp)
WBA US (Walgreens Boots Alliance Inc)

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