Right now, there's a lot of disdain for the pending merger between drugstore chain Rite Aid (NYSE:RAD) and grocery chain Albertsons. Allegations of impropriety and even fraud have arisen whereby some market participants think that Rite Aid is essentially being "given" away at an unfair price. Depending on how you position your argument, this may seem like a natural conclusion, but only if you value the business in one way over another. In all, while there are downside risks associated with the transaction, I believe market participants have become too irrational regarding their view of the deal.

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