30.06.2017 13:20:36

Wall Street's M&A Chatter From June 29: West Marine, Rite Aid-Walgreens-Fred's, Oaktree-Fifth Street, Bass Pro-Cabelas

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday, June 29, 2017.Rite Aid to Sell 2,186 Rite Aid Stores, Related Assets to Walgreens Boots Alliance for $5.175B; Merger Agreement The Deal:Rite Aid Corporation (NYSE: RAD) announced it has entered into an asset purchase agreement with Walgreens Boots Alliance Inc (NASDAQ: WBA), under which WBA will acquire 2,186 stores, related distribution assets and inventory from Rite Aid for $5.175 billion in cash. In addition, Rite Aid has the option to purchase generic drugs sourced through an affiliate of Walgreens Boots at cost, for a period of 10 years.Rite Aid announced the immediate termination of the merger agreement with Walgreens Boots, ...Full story available on Benzinga.com