The Traderszone Network

Published in TZ Latest News 30 January, 2017 by The TZ Newswire Staff

Walgreens/Rite Aid Deal Gets Price Cut, Extension

The price of the long-simmering buyout of Rite Aid (NYSE: RAD) by fellow pharmacy giant Walgreens Boots Alliance (NASDAQ: WBA) has dropped. In a joint press release the two companies announced a modification of their merger agreement that will see the price fall to between $6.50 and $7.00 per Rite Aid share.