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RAD Rite Aid Corp

0.6483
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Rite Aid Corp NYSE:RAD NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.6483 0 01:00:00

Walgreens, Rite Aid End $9.4 Billion Merger; Walgreens to Buy Half of Rite Aid Stores

29/06/2017 12:52pm

Dow Jones News


Rite Aid (NYSE:RAD)
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By Anne Steele 

Walgreens Boots Alliance Inc. and Rite Aid Corp. nixed their $9.4 billion merger agreement, which had been heavily scrutinized by antitrust regulators, and reached a new deal in which Walgreens instead will buy half of Rite Aid's stores for $5.1 billion in cash.

Investors had been awaiting a government decision on whether the delayed tie-up between the drugstore chains would go through and had grown increasingly uneasy that the deal could fall apart.

Write to Anne Steele at Anne.Steele@wsj.com

 

(END) Dow Jones Newswires

June 29, 2017 07:37 ET (11:37 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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