Tag: Rite Aid

Net Lease Report – Pharmacy Sector

Amongst the various sectors in the net lease world, the pharmacy sector continues to be a reliable and safe area for investors to put their money. Factors such as long-term leases with guarantees from rated companies and multiple options for the tenant to extend their lease all point to why investors are drawn into the pharmacy sector. …

Leigh ClineNet Lease Report – Pharmacy Sector

Rite-Aid on its Own: What it Means for Real Estate Investors

GlobeSt.com

In February 2018, Albertsons Companies announced that it would acquire the Rite Aid Corporation. The plan was for Albertsons’ to acquire all of the locations not included in Walgreens’ purchase of 2,186 stores. This would have added approximately 2,400 pharmacies to Albertsons, which then wanted to rebrand its other pharmacies to the Rite Aid name.…

Amanda WillisRite-Aid on its Own: What it Means for Real Estate Investors

Is The Rite Aid-Albertson’s Merger In Trouble?

GlobeSt.com

The proposed merger has been met with mixed reactions. Find out what it means to net lease investors.

Rite Aid has been an interesting tenant to follow over the last few years. Walgreens and Rite Aid entered into a merger agreement in October of 2015 before terminating the agreement in June of 2017 over mounting doubt the FTC would approve the action. Walgreens and Rite Aid announced a replacement to the deal whereby Walgreens would acquire 2,186 stores from Rite Aid for $5.175 billion. In September, this was amended to 1,932 locations at $4.375 billion. The agreement closed this past …

Amanda WillisIs The Rite Aid-Albertson’s Merger In Trouble?

What Will The Failed Rite Aid-Walgreens Merger Mean To Net Lease Investors?

GlobeSt.com

Walgreens had entered into an agreement to acquire Rite aid in October 2015. The agreement was stalled while both companies waited for approval from the Federal Trade Commission (FTC). In December 2016, divestiture of many Rite Aid locations to Fred’s, Inc was announced. This was intended as an appeasement in order to get the FTC’s approval.

Walgreens and Rite Aid made the decision to scrap the merger after receiving feedback from the FTC leading them to believe the merger was not going to be approved. They have announced a new agreement, Walgreens will purchase 2,186 stores, three distribution centers, and …

Traci BidingerWhat Will The Failed Rite Aid-Walgreens Merger Mean To Net Lease Investors?