The stock price plunged from $37 to the low $20s before bottoming out in the early 2000s at a mere $1.75 a share.From that vantage point, $9 looks pretty good.Meanwhile, on the Walgreens side, Noland writes that some of that company equity investors pointed to a «disappointing call» with Walgreens executives that «failed to disclose even the sketchiest numbers on why such a high price for Rite Aid would result in a good return on the investment or what the antitrust risks are for the combination of the number two and (distant) number three retail drug chains.»Despite the rancor on both sides of the takeover transaction, Noland is still betting the deal goes through. 2020 Advance Local Media LLC. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local..
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