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Is Rite Aid Corporation Stock Being Bought Out at $6 or $2.50?


Is Rite Aid Corporation Stock Being Bought Out at $6 or $2.50?It was up as much as 30% in premarket trading. Under the terms of the agreement, in exchange for every 10 shares of Rite Aid common stock, Rite Aid shareholders will have the right to elect to receive either (i) one share of Albertsons Companies common stock plus approximately $1.83 in cash or (ii) 1.079 shares of Albertsons Companies stock. The companies also added that the combined Albertson?s company would have a value of $24 billion, including debt, and that the fully diluted share count would be 392.9 million.





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