Announced
Financials
Tags
Friendly
Domestic
drugstore operator
Drug Retailers
United States
Acquisition
Single Bidder
Private Equity
Majority
Public
Pending
Privatisation
Synopsis
Rite Aid, an American drugstore chain, rejected a $3.6bn offer from Spear Point Capital Management, a private equity firm. Rite Aid's board said the proposal was not credible as it had no evidence of financing and required multiple months of exclusivity, among other reasons.
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