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Fly News Breaks for June 22, 2017
HUM, RAD, WBA
Jun 22, 2017 | 09:29 EDT
Leerink analyst David Larsen said he expects to know if the FTC will sue to block Walgreens's (WBA) deal to buy Rite Aid (RAD) by July 7 and estimates 30% odds of the deal clearing the FTC, which he believes to be higher than the consensus view of the deal's approval chances. However, the FTC's recent subpoena to Humana (HUM) appears to be meant to determine if there are regions in the country where Walgreens would be a "must have" in some of Humana's Part D networks, which is "not a good sign" for the deal, Larsen tells investors.
News For WBA;RAD;HUM From the Last 2 Days
