Sunday, June 25, 2017 12:01:11 PM
Can you imagine how disruptive Amazon would be to Walgreens, Walmart, CVS Caremark, and others who are in the business. You know that Amazon behind the scenes is hoping for the Rite Aid deal to break up.
There are other potential suitors out there. Think about Apollo global management , Cerabus capital, KKR,
Perhaps somebody from overseas might be interested. Ultimately even with it being a poorly run company warren Buffett is smart enough to buy a cheap clean it up, and make it a winner. Normally Berkshire does not buy distressed properties but he is smart enough to see the value of how the market has consolidated and will use it is a play to lure in Amazon.
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