RAD.......stores transfer completed

Rite Aid has confirmed that the stores involved in the sale to WBA has now been completed. Only the warehouses will be transferred early September 2018.

Will that change share price....i doubt it.

It is now time for RAD to start delivering their message about the merger. At the speed of price declining, this a needed step to stop the bleeding.

Was Rite Aide merger at a bargain price ? YES

Could there be lawsuits originating from the fact that management has not made everything to get the best value for shareholder ?  YES

Could they sweeten the deal ? YES but i doubt that

Conclusion: Since the original deal with WBA in 2015, Rite Aid management has done a poor job (to say the least) in obtaining the best for its shareholders and based upon actual share price value, it will take a miracle to see it back toward the 2$ mark even if actual shareholders should get 18 cents per share when the merger is complete.

So far again no news from the FTC to obtain needed autorisations, simple slides on their site to try to convince investors that this merger is in the best interest of all, and to top it out, do not try to get answers from IR department as they seem to have been muted.

Here we can see management at is worst.

Let see how it unfolds.......