That a 48 percent premium to Rite Aid pre

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cheap nba Jerseys china The dust is still settling from the gigantic Walgreens takeover bid for East Pennsboro based Rite Aid for a total of $17.2 billion, including debt.On the Rite Aid side, Noland writes that some Rite Aid shareholders “believe the company was insufficiently shopped and sold too cheap.”Let look at the numbers, as reported by AP:Walgreens said it will pay $9 for each share of Rite Aid Corp. That a 48 percent premium to Rite Aid pre announcement closing price of $6.08. The companies said the deal is worth $17.2 billion, when debt is included.But that $9 per share is a far cry from where Rite Aid shares where in the high flying 1990s, when shares reached the $50 level.The high stock price turned out to be a mirage, inflated by a corporate accounting scandal under the leadership of then CEO Martin Grass.As the accounting scandal unfolded and gained steam in 1999, the air went out of Rite Aid stock. cheap nba Jerseys china

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