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. …read more

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