The Traderszone Network

Published in TZ Latest News 2 July, 2017 by The TZ Newswire Staff

Down 26.4%: Is Rite Aid Corporation Stock Now an Incredible Bargain?

Rite Aid Corporation‘s (NYSE: RAD) stock dropped by 26.4% Thursday and even more on Friday after its merger agreement with Walgreens Boots Alliance (NASDAQ: WBA) disintegrated due to concerns that the deal wouldn’t get past U.S. regulators. As a consolation prize, Walgreens did agree to purchase 2,186 Rite Aid stores for approximately $5.175 billion.

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