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Walgreens, the biggest U.S. drugstore chain, said on Wednesday it would buy the minority stake from China National Accord Medicines Corp Ltd for about $416 million. The deal comes when the Chinese government has been encouraging private investments and equity from abroad in its healthcare industry. Healthcare expenditure in China is expected to reach $1.1 trillion by 2020, according to an estimate by the U.S. Department of Commerce.
The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday, February 10, through Sunday, February 12, 2017. Rite Aid, Walgreens Said to Work Toward New Divestiture Pact The ...
CVS Health reported better-than-expected fourth-quarter earnings Thursday, but revenue was a little light.
Outstanding dividend growth and a unique position in America's enormous healthcare sector make CVS Health look like a long-term investor's dream. Here's a look at the risks.
Walgreens Boots Alliance (WBA) and Rite Aid (RAD) have amended their merger agreement. Walgreens will now pay $6.50–$7 per share instead of $9.
A revised merger deal from Walgreens Boots Alliance Inc (NASDAQ: WBA ) and Rite Aid Corporation (NYSE: RAD ) was largely due to regulatory concerns. When the amended agreement was announced, there was ...
Evercore ISI maintained its Buy rating on Walgreens Boots Alliance Inc (NASDAQ: WBA ) saying there is still chance of a reasonable outcome for both parties, despite the amendment to the merger, due to ...
Rite Aid Corp. (RAD) and Walgreens Boots Alliance Inc. (WBA) jointly agreed upon a Jul 31, 2017 deadline for the deal and slashed the offer price to accommodate more store divestitures that would help gain regulatory approval.
The companies said on Monday they agreed to reduce the offer price to $6.50-$7.00 per share, valuing Rite Aid at $6.84 billion-$7.37 billion. Walgreens had offered $9 per share in October 2015 when it first proposed the deal. Rite Aid shares closed down 17.5 percent at $5.72, easing slightly after hitting a two-year low of $5.70, on Monday.
The new terms set shares of Rite Aid at a maximum of $7 per share and $6.50 minimum, down from the initial $9 Walgreens agreed to purchase.
Walgreens Boots Alliance and Rite Aid extended their merger agreement to July 31, but Walgreens will pay a lot less now.
Wells Fargo says its Outperform rating on Walgreens Boots Alliance Inc (NASDAQ: WBA ) isn't contingent on the closing of Rite Aid Corporation (NYSE: RAD ) deal even as it believes the accretive acquisition ...
On Monday, shares of retail drugstore chain Rite Aid (RAD) are tanking, down around 17% in afternoon trading after Walgreens Boots Alliance (WBA) said it would pay a lower price per share in its pending acquisition of the company
Walgreens Boots Alliance and Rite Aid are reducing the price Rite Aid shareholders will receive from the proposed buyout of their company.