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David Biernbaum
Senior Marketing and Business Development ConsultantDavid Biernbaum Associates
Analyst: Rite Aid Could Be Next Takeover Target
February 19, 2010
FROM RETAILWIRE:
UBS Securities' analyst Neil Currie thinks that once Walgreens has had the opportunity to complete its purchase of Duane Reade, it might turn its attention to taking over some or all of Rite Aid's 4,800 stores. How likely do you think all or parts of Rite Aid will be sold?
[more...]
Many Rite Aid stores would probably be square pegs and not necessarily the right fit for Walgreens and/or CVS. However, it would not be surprising to me if the chain were taken over, at least in parts, perhaps even by multiple buyers. Who knows?
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