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Fly News Breaks for November 25, 2015
WBA, RAD
Nov 25, 2015 | 07:25 EDT
Deutsche Bank analyst George Hill says Rite Aid's (RAD) proxy for its pending sale to Walgreens Boots Alliance (WBA) indicates the deal was well shopped with multiple bidders or indications of interest over a multiyear process beginning in 2012. He does not expect any competing offers to Walgreens' $9 per share bid for Rite Aid. Hill keeps a Buy rating on Walgreens and views the potential acquisition synergies positively.
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