Replies to post #8186 on Rite Aid Corp (RADCQ)

[fung_derf]

DJ Rite Aid Bounces After Albertsons Deal -- Market Talk


9:45 AM (UTC-05:00) Eastern Time (US & Canada) Feb 20, 2018
9:44 ET - Rite Aid shares open up 7.5% at $2.29, well off pre-open highs, after announcing plans to sell the remainder of its drug store business to supermarket operator Albertsons. The deal, first reported by the Wall Street Journal, would offer its shareholders up to $2.66 a share, say analysts, depending on the mix of cash and stock they elect to receive. Heavy trading after the Journal first reported the planned combination. CVS Health down 1.7% and Walgreens Boots Alliance falls 0.9%, with broader retail sector weighed by Walmart outlook. ([e-mail]; @dougcameron)

(END) Dow Jones Newswires

February 20, 2018 09:45 ET (14:45 GMT)


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