Taking some time off from vacations (sell in may then go away) to vote on Rite Aid merger that is in my opinion one of the worst deal ever created.
There is no way that i will accept giving away shares of Rite Aid at the actual value mentioned and proposed.
The idea may not be that bad but the conditions are not acceptable.
I do not recall that many times seeing a board member getting a bonus when winning and another one if loosing.
Deal structure has to changed and if Albertson's not happy with that, well let simply get rid of the actual board members and get Rite Aid go stand alone and fixing its stuff.
Last Quarterly results show improvements and with a 'great' board direction, Rite Aid could be worth many times more than the actual proposition indicates.
I have vote no !
There is no way that i will accept giving away shares of Rite Aid at the actual value mentioned and proposed.
The idea may not be that bad but the conditions are not acceptable.
I do not recall that many times seeing a board member getting a bonus when winning and another one if loosing.
Deal structure has to changed and if Albertson's not happy with that, well let simply get rid of the actual board members and get Rite Aid go stand alone and fixing its stuff.
Last Quarterly results show improvements and with a 'great' board direction, Rite Aid could be worth many times more than the actual proposition indicates.
I have vote no !
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