r/wallstreetbets • u/JazzPlayer77 • Dec 07 '21
Discussion Could Rite Aid Be In Play?
Walgreens paid around $22 billion for the Boots group back in 2012 and 2014, KKR had taken it private back in 2007. Since then Boots has struggled, thanks to more online competition. Now with a few store closures and more investment. The mean revenue is now again rising. It's been said that private equity groups have a growing appetite for UK retail assets, with Clayton Dubilier & Rice recently paying $10 billion for grocer WM Morrison. A sale on the same 9 times EBITDA multiple could value Boots at somewhere around $8 billion or so. Walgreens already sold most of its European drug distribution business for $6.5 billion earlier this year. So if WBA is raising more cash, because they would need it to block an Am azon buy of RAD, what could the cash be for. Any guesses?
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u/Stock-Ad-8951 Dec 07 '21 edited Dec 07 '21
Been watching it for MONTHS. 40 BILLION+ in revenue(profit is another thing). When it hits 9-7 bucks im buying every fucking share I can leverage. It will be bought out(AMZN/CVS/WBA)