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Rite Aid Corporation

Walgreens Boots Alliance has reduced its offer price to $6.50 to $7.00 per share for Rite Aid, down from its previous offer of $9.00 per share and the deal will allow Walgreens Boots to divest up to 1,200 rite aid stores, an increase of up to 200 stores that was agreed under original agreement. The new offer price would value Rite Aid between $6.84 billion to $7.37 billion. The expected closing date has also been extended to July 31st, from its previous target of January 27th. For the third quar … (See Research Report)
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