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Walgreens to Buy Rite Aid for $9.4 Billion
Dow Jones Newswires ^
| October 27, 2015
Posted on 10/27/2015 3:40:20 PM PDT by ConservativeStatement
Walgreens Boots Alliance Inc. agreed to buy Rite Aid Corp. for about $9.4 billion, in a move that would create a drugstore giant at a time when companies in nearly every corner of the health-care industry are seeking to gain advantage from bulking up.
Walgreens agreed to pay $9 a share in cash for Rite Aid, offering a 48% premium to Rite Aid's closing price Monday. Rite Aid's stock rose 43% to $8.67 Tuesday after The Wall Street Journal reported on the deal talks.
(Excerpt) Read more at foxbusiness.com ...
TOPICS: Business/Economy
KEYWORDS: drugstore; drugstores; duanereade; healthcare; riteaid; walgreens
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To: ConservativeStatement
So we’re now down to two drug stores - Walgreen’s and CVS. Wonder which one of them will be out the other? One drug store, one bank, one party in DC, One World order. Obama’s plan is moving way too fast. So much for choices and competition.
2
posted on
10/27/2015 3:46:51 PM PDT
by
Grams A
(The Sun will rise in the East in the morning and God is still on his throne.)
To: ConservativeStatement
I guess fedgov doesnt care about certain monopolies.
3
posted on
10/27/2015 3:47:57 PM PDT
by
Secret Agent Man
(Gone Galt; Not averse to Going Bronson.)
To: Grams A
CVS is more expensive, and PC too, so screw CVS.
4
posted on
10/27/2015 3:48:30 PM PDT
by
stephenjohnbanker
(My Batting Average( 1,000) since Nov 2014 (GOPe is that easy to read))
To: ConservativeStatement
I hope they don’t lose the Thrifty’s Ice Cream brand!
5
posted on
10/27/2015 3:49:39 PM PDT
by
CA Conservative
(Texan by birth, Californian by circumstance)
To: CA Conservative
“I hope they don’t lose the Thrifty’s Ice Cream brand!”
Amen to that. That is all that matters to me!
6
posted on
10/27/2015 3:50:58 PM PDT
by
Angels27
To: ConservativeStatement
Darn it. I get good discounts at Rite Aid... I am not happy.
7
posted on
10/27/2015 3:57:32 PM PDT
by
PghBaldy
(12/14 - 930am -rampage begins... 12/15 - 1030am - Obama's advance team scouts photo-op locations.)
To: ConservativeStatement
Wow.. We have adjacent strip malls with both there for a long time.
Which will close?
8
posted on
10/27/2015 3:57:41 PM PDT
by
NormsRevenge
(SEMPER FI!! - Monthly Donors Rock!!)
To: Grams A
Almost all of the grocery chains and discounters have pharmacies, some cheaper than Walgreens
9
posted on
10/27/2015 3:57:44 PM PDT
by
kaktuskid
To: CA Conservative
No kidding, so much cheaper than B&R.
10
posted on
10/27/2015 3:58:17 PM PDT
by
NormsRevenge
(SEMPER FI!! - Monthly Donors Rock!!)
To: Grams A
CVS just bought Target’s pharmacies too.
11
posted on
10/27/2015 3:59:36 PM PDT
by
sheana
To: NormsRevenge
According to an Associated Press article: Rite Aid stores will initially keep its name after the deal closes, Walgreens said, but that may change over time. The deal is expected to close in the second half of next year.
To: ConservativeStatement
Well, considering that neither is really a “drug” store anymore, and they both sell clothing, candy, food and other cheap, useless crap that you’d be better off buying at a Walmart or other department store or supermarket, I don’t view this as a big loss.
13
posted on
10/27/2015 4:02:43 PM PDT
by
Opinionated Blowhard
("When the people find they can vote themselves money, that will herald the end of the republic.")
To: Grams A
you omitted Walmart
Walmart sells lots of drugs
all the others try to be retail outlet enough to stay in business
14
posted on
10/27/2015 4:03:32 PM PDT
by
bert
((K.E.; N.P.; GOPc.;+12, 73, ....carson is the kinder gentler trump)
To: Grams A
you omitted Walmart
Walmart sells lots of drugs
all the others try to be retail outlet enough to stay in business
15
posted on
10/27/2015 4:03:37 PM PDT
by
bert
((K.E.; N.P.; GOPc.;+12, 73, ....carson is the kinder gentler trump)
To: ConservativeStatement
Cool.. Riteaid has pumpkin ice cream. Not everybody does. :-)
16
posted on
10/27/2015 4:04:32 PM PDT
by
NormsRevenge
(SEMPER FI!! - Monthly Donors Rock!!)
To: ConservativeStatement
too much concentration, we used to have anti-monopoly laws...
this sounds like a good case to consider them again...
17
posted on
10/27/2015 4:14:40 PM PDT
by
faithhopecharity
(Brilliant, funny, and incisive Tagline coming to this space soon.....)
To: ConservativeStatement
And the neighborhood pharmacy becomes more of a memory.
I guess that was good for Bedford Falls.
Never mind.
To: ConservativeStatement
The last time I was in Walgreens, I thought they were filming a “TARZAN” movie in there.
19
posted on
10/27/2015 4:20:37 PM PDT
by
FrankR
(You're only enslaved to the extent of the charity that you receive!)
To: ConservativeStatement
Rite aid bought Thrift Drug. I used to shop at Thrift almost daily especially over the Holidays. Their buyers were great and I found lots of stuff for my young kids at great prices!
Rite Aid isn’t even close. The only reason I go there is for Higi blood pressure.
20
posted on
10/27/2015 4:21:58 PM PDT
by
prisoner6
(Unmutual and Disharmonious)
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