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Observations on the New Walgreens Boots Alliance-Rite Aid Deal

Yesterday we got some pre—July 4th fireworks. Walgreens Boots Alliance (WBA) announced a deal to buy 2,186 Rite Aid stores and three distribution centers for $5.2 billion. Rite Aid will also get the option to source generic drugs via the wonderfully named Walgreens Boots Alliance Development (WBAD) organization. Click here to read the press release. With a potential FTC battle looming, WBA made the debt-laden Rite Aid an offer that it couldn’t refuse.
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