Seven Corners Initiates Coverage on the Rite Aid (RAD) / Walgreens (WBA) Merger Arbitrage With A Buy

Today Seven Corners Capital Management initiated coverage on the Rite Aid (RAD) / Walgreens (WBA) Merger Arbitrage. Specifically, we are long RAD, believing that its 27.5% IRR for a 4-month period to be very attractive.

To find a PDF containing our full RAD writeup, as well as our backup due diligence slides, please visit our Research section [link here].