We Got It Wrong With Rite Aid -- Now What?
In our 2015 "Walgreens Shows Its Hand, Scoops Up Rite Aid" episode, Motley Fool analyst Kristine Harjes speculated that regulators would give the nod to Walgreens Boots Alliance's (NASDAQ: WBA) deal to acquire Rite Aid (NYSE: RAD) lock, stock, and barrel. That prediction missed its mark. Now, Walgreens and Rite Aid are waiting for regulators to weigh in on a revised deal that would have Walgreens buying about half of Rite Aid's stores. Will this agreement pass muster with government watchdogs?
In this clip from Industry Focus: Healthcare, host Kristine Harjes and Motley Fool contributor Todd Campbell discuss why Walgreens and Rite Aid's previous deal failed, whether their new deal will win approval, and whether Rite Aid's shares are a value trap or a bargain-bin buy.
A full transcript follows the video.
Source: Fool.com