Pink Sheet is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Rite Aid merger with Thrifty Payless would create bicoastal chain of 3,500 stores.

This article was originally published in The Tan Sheet

Executive Summary

RITE AID PROPOSED ACQUISITION OF THRIFTY PAYLESS suggests shift from regional depth-based growth strategy to geographic breadth. After abandoning an attempt to acquire Revco and enhance its position as the leading drugstore chain in the eastern U.S., Rite Aid is attempting to establish a bicoastal presence with the acquisition of the western U.S. drug store chain Thrifty PayLess. The merger agreement calls for Rite Aid to issue $1.3 bil. in stock to Thrifty PayLess shareholders and assume the firm's $890 mil. in debt.
Advertisement

Topics

Advertisement
UsernamePublicRestriction

Register

PS086252

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel