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Rite Aid gains on Amazon, other stories

June 20, 2017

Rite Aid (NYSE: RAD) shares are notably higher Monday as the FTC July 7 deadline to block the merger with Walgreens Boots Alliance (NASDAQ: WBA) deal continues to draw closer.

There appear to be 3 speculative items impacting shares today:

1. There is speculation that in an attempt to gain access to the pharmacy market, Amazon (NASDAQ: AMZN) may go after Rite Aid if the deal with Walgreens is blocked and terminated, according to sources. Amazon, of course, announced a deal to acquire Whole Foods on Friday.

2. Continued speculation Walgreens will pursue RAD through litigation, even if the deal is blocked by regulators.

3. The FTC sued to block the DraftKings and FanDuel deal today, which was announced in November 2016, but has yet to sue to block Rite Aid/Walgreens. SI NOTE: Sources note if people thought the FTC would not move to block RAD/WBA then Fred’s (NASDAQ: FRED) would be up too (it’s not).

http://bit.ly/2sKc0f4

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