Insight Report 4 minutes PremiumWalgreens (WBA) and Rite Aid (RAD) Merger Saga Coresight Research February 6, 2017 Executive Summary The largest drugstore chain in the US, Walgreens Boots Alliance, has extended and amended its agreement to acquire the country’s third-largest retail pharmacy chain, Rite Aid. The amendment follows an earlier transaction deadline that was set for the end of January 2017. Under the terms of the amendment, Walgreens has reduced its offer price for Rite Aid shares from $9.00 per share to a minimum of $6.50 per share and a maximum of $7.00 per share. The exact price per share will be determined by the number of stores Walgreens will be forced to divest in order to satisfy Federal Trade Commission (FTC) antitrust concerns and receive approval for the deal. The expected closing date for the transaction has been delayed to July 2017. Walgreens first announced the proposed takeover deal in October 2015, and has been forced to push back the closing date, as the FTC has not finished assessing if the proposed merger complies with antitrust law. The amended deal provides scope for a greater number of store divestitures than previously expected and reflects the weakening fundamentals of the Rite Aid business since the merger was originally announced. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Pent-Up Demand for Travel Unleashed Ahead of Summer: US Consumer Survey Insights ExtraFlipkart Big Billion Days 2023: Wrap-Up—Value, Technology and Convenience Take the LeadWeekly US and UK Store Openings and Closures Tracker 2023, Week 25: UK Store Openings Cross 1,000May 2023 US Housing Market Indicators: Sharp Rise in New Home Sales