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(CNN)   It wasn't the Rite time for a merger   ( money.cnn.com) divider line
    More: Interesting, Rite Aid, Supermarket, Grocery store, Safeway Inc., Rite Aid stockholders, Rite Aid CEO, Pharmacy, Shareholder  
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1155 clicks; posted to Business » on 09 Aug 2018 at 7:44 AM (11 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



7 Comments     (+0 »)
 
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2018-08-09 08:04:34 AM  
Good. fark Cerberus Capital.
 
2018-08-09 08:07:28 AM  
They were in the rite place, but it must have been the wrong time.
 
2018-08-09 08:26:59 AM  
They knew today's meeting was going to be a shiatshow. It was painfully obvious there was some kind of quid pro quo going on between Cerberus and the RAD Board. They even paid off Motley Fool to shill the deal.

It's possible that lowered RAD earnings expectations spooked the Cerberus people, however, I doubt that. This was their chance to unload Albertsons to the RAD shareholders. Now they're stuck with it, and nobody's interested in a grocery chain IPO.
 
2018-08-09 10:30:35 AM  

H31N0US: They knew today's meeting was going to be a shiatshow. It was painfully obvious there was some kind of quid pro quo going on between Cerberus and the RAD Board. They even paid off Motley Fool to shill the deal.

It's possible that lowered RAD earnings expectations spooked the Cerberus people, however, I doubt that. This was their chance to unload Albertsons to the RAD shareholders. Now they're stuck with it, and nobody's interested in a grocery chain IPO.


A mediocre grocery chain. ( The one near me is pretty sad-looking....and overpriced.)

/ with Fred Meyer (Kroger), Winco, and Costco within 10 or so miles, why are they still in business?
 
2018-08-09 12:00:35 PM  
As a Rite Aid employee, I'm getting a kick out of...wait...no I'm not.
 
2018-08-09 06:06:11 PM  
Glad the Walgreen's deal fell through and this one too. Rite Aid is the only store in my town that carries very good pipe tobacco at a low price. 9 oz bag for about $15 after tax is fantastic in California especially when I see the few remaining cigarette smokers paying half that for one single pack. Walgreen's also sells pipe tobacco. It's a nasty, poor burning, foul tasting brand that comes in 2 ounce tins for $10. As far as Albertson's I think they all closed here. I haven't seen one in years.

/ Rite Aid still sounds like a religious supplies shop.
 
2018-08-09 10:42:45 PM  
I remember the good old days leading up to the "it's a binary event, the government approves the Walgreens merger, or they don't." Then the Third Way occurs and it's nothing but broken dreams and crushed glass all the way down. Lost a fair amount of money last year from RAD. Now I invest in LTBR, it's a nuclear tech company but the ticker reminds me of "light beer," don't judge me.
 
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