people don't want to wait until next year to get a higher price. and if you wait you will get the $9 and may be
less or more??????
Not a penny less.
Merry X-mass and a happy NY
the extract from the article:“Stefano Pessina is a very savvy businessman. He wouldn't have made this move unless he had already done all his due diligence,” said Kris Shankar, a California resident and Rite Aid shareholder.
“I think it will go through, because Walgreens has made it clear they will shed a lot of stores to make it go through,” Shankar said.
In a report filed Nov. 2 with the U.S. Securities and Exchange Commission, Walgreens said it is willing to divest itself of up to 1,000 stores if needed, but expects “the most likely outcome” would be the divestiture of fewer than half that many locations.
No. 1 U.S. chain Walgreens and No. 3 Rite Aid may have another major factor in their favor: No. 2 CVS Health Corp. set a precedent earlier this year with its own $1.9 billion deal to buy Target Corp.'s pharmacies and clinics.
Not only is that a major transaction in its own right, but it also further blurs the line between drugstore chains and retailers with pharmacies, such as grocery stores.
“There's plenty of pharmacy competition out there,” Gorland said, adding that while he certainly expects scrutiny, mega-mergers between top brands have recently succeeded.
the news came out yesterday when both BABA AND YHOO tanked ,
now its in the market by Wall street thieves .
it is a manipulation of the market
Sentiment: Strong Buy
reported by CNBC
Sentiment: Strong Buy
The deal will get approval no matter what. Walgreens says it’s willing to divest up to 1,000 stores to win regulatory approval for its Rite Aid purchase, although it anticipates it won’t have to sell more than 500, according to AP.
The country’s No. 1 drugstore chain declared the $9.41 billion deal last week. Walgreens has about 8,100 U.S. locations and it’s combining with the third-largest chain, Rite Aid Corp. of Camp Hill, Pennsylvania, which operates about 4,600 drugstores nationwide.
Deerfield, Illinois-based Walgreens Boots Alliance Inc. told investors Monday the deal will boost its presence in the Northeast and Southern California. It added that its greater size will let it enjoy economies of scale and greater efficiencies. AP Reports
so hold on to your shares
WBA has the CASH and they are buying RAD's shares below $8.
if they buy now they save 13% on top of the cheap price they paid for rad.
so hold on to your shares.