MESSAGE
DATE | 2016-10-21 |
FROM | Ruben Safir
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SUBJECT | Subject: [Hangout-NYLXS] and one chain to control them all
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From hangout-bounces-at-nylxs.com Fri Oct 21 11:09:36 2016 Return-Path: X-Original-To: archive-at-mrbrklyn.com Delivered-To: archive-at-mrbrklyn.com Received: from www.mrbrklyn.com (www.mrbrklyn.com [96.57.23.82]) by mrbrklyn.com (Postfix) with ESMTP id 20651160BB4; Fri, 21 Oct 2016 11:09:34 -0400 (EDT) X-Original-To: hangout-at-nylxs.com Delivered-To: hangout-at-nylxs.com Received: from [10.0.0.62] (flatbush.mrbrklyn.com [10.0.0.62]) by mrbrklyn.com (Postfix) with ESMTP id E031F160877 for ; Fri, 21 Oct 2016 11:09:28 -0400 (EDT) To: Hangout From: Ruben Safir Message-ID: Date: Fri, 21 Oct 2016 11:09:28 -0400 User-Agent: Mozilla/5.0 (X11; Linux x86_64; rv:45.0) Gecko/20100101 Thunderbird/45.2.0 MIME-Version: 1.0 Subject: [Hangout-NYLXS] and one chain to control them all X-BeenThere: hangout-at-nylxs.com X-Mailman-Version: 2.1.17 Precedence: list Reply-To: NYLXS Discussions List List-Id: NYLXS Discussions List List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: quoted-printable Errors-To: hangout-bounces-at-nylxs.com Sender: "hangout"
http://nypost.com/2016/07/14/walgreens-rite-aid-deal-gets-new-life-from-ftc/
OK - here we go. This is inevitable fallout form the Obama Healthcare law. Rite-Aid's stock is nearly valueless at $5.00 a share.
walgreens The FTC is struggling to get Walgreens and Rite Aid to merge Kroger may not buy Walgreens-Rite Aid stores: sources Firms are passing up chance to buy 650 Walgreens amid merger Signs point toward FTC approving Walgreens-Rite Aid merger
Walgreens Boots Alliance, whose acquisition of Rite Aid is seen by some as endangered, may have plenty of life left in it, The Post has learned.
The drug store giant is in talks with the Federal Trade Commission about what it needs to sell to gain regulatory approval of the $17 billion deal, sources said on Thursday.
The merger of Walgreens, the No. 2 chain, and Rite Aid, No. 3, would create the country=E2=80=99s biggest drug chain, topping the reach of CVS H= ealth.
The talks with the FTC about divestitures is a sign regulators are open to approving the merger, sources said.
Walgreens is now quietly auctioning stores in areas where the combined chain would have too much overlap, sources said.
=E2=80=9CMulti-divestitures take time,=E2=80=9D a source close to the proce= ss said.
There has been concern among investors about the length of the FTC review as regulators in recent months have been aggressive =E2=80=94 successfully stopping Staples from buying Office Depot and expressing serious concerns about two pending transformative health insurance mergers.
Yet, the risk in Walgreens is a bit overblown, sources said.
Walgreens in October 2015 announced a deal to buy Rite Aid for $9 a share. Rite Aid shares jumped to about $8.67 but have been trading at about $8 until recently when, on fears the merger would be denied, they dipped. On Thursday, they closed at $7.02, up 2.5 percent.
Rite Aid=E2=80=99s shares could fall to below $5 a share if the deal is blo= cked.
Walgreens has not complied fully with the FTC=E2=80=99s second request for information, sources said. However, that was part of Walgreens=E2=80=99 strategy. It first wants to know how many of the combined 13,000 stores it needs to sell.
The FTC declined comment.
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So many immigrant groups have swept through our town that Brooklyn, like Atlantis, reaches mythological proportions in the mind of the world - RI Safir 1998 http://www.mrbrklyn.com
DRM is THEFT - We are the STAKEHOLDERS - RI Safir 2002 http://www.nylxs.com - Leadership Development in Free Software http://www2.mrbrklyn.com/resources - Unpublished Archive http://www.coinhangout.com - coins! http://www.brooklyn-living.com
Being so tracked is for FARM ANIMALS and and extermination camps, but incompatible with living as a free human being. -RI Safir 2013 _______________________________________________ hangout mailing list hangout-at-nylxs.com http://www.nylxs.com/
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