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Fly News Breaks for April 7, 2015
RAD, WBA
Apr 7, 2015 | 08:02 EDT
JPMorgan says that while it previously thought an acquisition of Rite Aid (RAD) by Walgreens Boots Alliance (WBA) was unlikely, increased consolidation in the space could make Walgreens more willing to do a deal. The firm cautions, however, that regulatory hurdles would have to be overcome given store overlap as well as the potential for a debt downgrade. It notes Walgreens has a two-day analyst day starting on April 15. It keeps an Overweight rating on the stock.
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