×
-0.00552486187845304 0 0 0.00552486187845304 0.0110497237569061 0.0110497237569061 0.00552486187845304 0.00552486187845304
Stockreport

Albertsons and Rite Aid have a message for investors: Size still matters [CNBC]

RITE AID (RAD)  More Company Research Source: CNBC
Last rite aid earnings: 6/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: riteaid.com/corporate/investor-relations
PDF As Albertsons Cos. and Rite Aid head to an August vote over their planned merger, the message to investors is simple: size still matters. The deal, announced in February, would create a new retail giant valued at roughly $24 billion that would combine Albertsons' grocery operations with Rite Aid's pharmacy business. But with Rite Aid, investors expected to hold a roughly 29 percent stake in the new company, some have pushed back against the combination, pointing to Albertsons' burdensome debt-load and recent performance struggles. Shares of the pharmacy chain have dropped roughly 24 percent since it announcing the deal. To sway investors, the two retailers have embarked on a public relations campaign. Those efforts have centered, in part, on the benefits that scale gives them — even as shopping in the U.S. shifts online and away from stores. The nation's largest retailer, Walmart , has been doubling down on its grocery and e-commerce investments. Competitor CVS [Read more]

IMPACT SNAPSHOT EVENT TIME: RAD
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

Don't Miss Out On The Next BIG Stock Move
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS
Opt-in for
RAD alerts
from News Quantified
Opt-in for
RAD alerts

from News Quantified
Opt-in for
RAD alerts

from News Quantified