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REDDIT

Rite-Aid Walgreens Merger?

Looking at Rite-Aids -54% performance for the year, and the possibility of a Walgreens merger for ~200% current market price, I have two questions. What is the likelihood of the merger going through given delays concerning FTC approval and for what reasons would it plausibly be denied. The second is, given the merger falls through, is this still a good value buy with the assumption that the stock has been oversold?