- American City Business Journals•18 minutes agoKroger's potential deal for Walgreens, Rite Aid stores will make Publix, other retailers 'very nervous'
If Kroger Co.'s reported plans to buy Walgreens and Rite Aid stores come to fruition, it could give the grocer a major competitive edge over Publix Super Markets Inc. When Rite Aid and Walgreens (WBA) complete their merger later this year, about 500 of their stores will likely be put up for sale — and Kroger is a potential buyer , according to Bloomberg. Kroger, based in Cincinnati, is a major competitor to Lakeland-based Publix in metro Atlanta and in the Carolinas, where Kroger operates stores under its Harris-Teeter banner.
- American City Business Journals•21 hours ago
Kroger Co. — parent of Colorado's King Soopers and City Market supermarket chains — could be a prime bidder for some Rite Aid or Walgreens drug stores that will need to be sold when those two companies finally complete their merger later this year. Cincinnati-based Kroger (KR), the nation’s largest operator of traditional supermarkets, is a potential buyer of some of the 500 stores that will likely be put up for sale, according to a Bloomberg report . Kroger was rumored to be a potential buyer of Rite Aid more than a year ago, before the drug store chain reached a deal in October to be acquired by Walgreens parent Walgreens Boots Alliance Inc. (WBA).
Rite Aid Corporation (RAD)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||7.42 x 8000|
|Ask||7.43 x 61200|
|Day's Range||7.36 - 7.47|
|52wk Range||5.88 - 8.74|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||55.00|
|Avg Vol (3m)||16,660,104|
|Dividend & Yield||0.00 (0.00%)|