Shares of Rite Aid were soaring on Tuesday after Fred’s Pharmacy (FRED) announced that it would acquire 865 Rite Aid stores. Fred’s Pharmacy announced that it has signed an agreement with Walgreens (WBA) and Rite Aid to purchase the stores and certain assets related to store operations for $950 million in an all cash transaction. … Continue reading “Fred’s Pharmacy (FRED) Just Made A Huge Purchase From Rite Aid (RAD)”
