September 19, 2017 by Bill Schiffner
Rite Aid Corp., Walgreens Boots Alliance Inc., WBA
Featured Articles, Leading Headlines, Retail News
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) announced today that it has secured regulatory clearance for an amended and restated asset purchase agreement to purchase 1,932 stores, three distribution centers and related inventory from Rite Aid Corp. for $4.375 billion in cash and other consideration. The amended and restated purchase agreement between the parties
September 18, 2017 by MMR
Federal Trade Commission, Rite Aid Corp., Walgreens Boots Alliance, WBA
Leading Headlines
NEW YORK — Walgreens Boots Alliance (WBA) reportedly is modifying its agreement to buy 2,186 stores from Rite Aid Corp. to gain Federal Trade Commission approval for the deal, reached upon the termination of their planned merger. Bloomberg reported early Monday that WBA is winding down talks with the FTC and could soon unveil an
September 6, 2017 by MMR
Bryan Everett, Ken Martindale, Rite Aid Corp.
Leading Headlines, People, Retail News
CAMP HILL, Pa. — Rite Aid Corp. president and CEO of stores Ken Martindale is leaving the company to become chief executive officer of GNC Holdings Inc. Rite Aid said Wednesday that with Martindale’s departure, Bryan Everett, currently executive vice president in charge of store operations, has been named chief operating officer of Rite Aid
August 22, 2017 by MMR
ECRM, Efficient Collaborative Retail Marketing, RangeMe, Rite Aid Corp.
Leading Headlines, Retail News, Topics
SAN FRANCISCO — Rite Aid Corp. is enlisting the RangeMe online product discovery and buying platform for a major initiative to scale its product innovation efforts. San Francisco-based RangeMe, recently acquired by Efficient Collaborative Retail Marketing (ECRM), said Tuesday that its platform will enable Rite Aid’s category buying teams to source trending, consumer-ready products faster and more
August 17, 2017 by MMR
Rite Aid Corp., Walgreens Boots Alliance Inc., WBA
Leading Headlines, Retail News
NEW YORK — Walgreens Boots Alliance Inc. and Rite Aid Corp. are rescheduling the waiting period for a downsized store sale agreement reached upon the termination of their planned merger. According filings with the Securities and Exchange Commission yesterday, WBA and Rite Aid agreed to withdraw their initial Hart-Scott-Rodino (HSR) Antitrust Improvements Act notification and
August 14, 2017 by MMR
Rite Aid Corp., Walgreens Boots Alliance Inc., WBA
2017, Issue 08-14-2017, Issues
CAMP HILL, Pa. — Rite Aid Corp. expects to strengthen its store base with the sale of nearly 2,200 units to Walgreens Boots Alliance Inc. (WBA). In a filing with the Securities and Exchange Commission, Rite Aid said it would have 2,336 stores following the sale, compared with 4,522 currently. The chain said that its
August 1, 2017 by MMR
Rite Aid Corp., Securities and Exchange Commission, Walgreens Boots Alliance, WBA, Wellness Store format
Leading Headlines, Retail News
CAMP HILL, Pa. — Rite Aid Corp. has provided a more detailed picture of its store base after the expected closing of its deal to sell nearly half its stores to Walgreens Boots Alliance (WBA). In a filing with the Securities and Exchange Commission, Rite Aid said it would have 2,336 stores following the sale
July 10, 2017 by MMR
Rite Aid Corp., Walgreens Boots Alliance Inc., WBA
2017, Issue 07-17-2017, Issues
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) announced that it is scrapping its plans to buy Rite Aid Corp. and instead will acquire only a portion of the drug store chain, after the original takeover effort seemed doomed by the Federal Trade Commission. The new agreement replaces a previous merger deal with Rite Aid
July 10, 2017 by MMR
Fred’s Inc., Rite Aid Corp., Walgreens Boots Alliance Inc.
2017, Issue 07-17-2017, Issues
MEMPHIS — Fred’s Inc. weighed in on the recent termination of the merger between Walgreens Boots Alliance Inc. and Rite Aid Corp. and the related asset purchase agreement of Fred’s with Walgreens and Rite Aid. In December 2016, Fred’s announced that it had signed an asset purchase agreement with Walgreens and Rite Aid to buy
July 10, 2017 by David Pinto
David Pinto, Rite Aid Corp., Stefano Pessina, Walgreens Boots Alliance Inc., WBA
2017, Issue 07-17-2017, Issues, Opinion
Walgreens Boots Alliance Inc.’s (WBA’s) plan to acquire Rite Aid Corp. in its entirety is, for now, dead. For some, it was an inevitable conclusion to a strategy that was full of holes. For others, by far the majority, it was a surprising conclusion to a well-conceived plan to increase the already dynamic presence of
July 6, 2017 by MMR
Rite Aid Corp., third quarter, Walgreens Boots Alliance, WBA
Featured Articles, Leading Headlines, Money, Retail News
DEERFIELD, Ill. — Analysts said Walgreens Boots Alliance turned in a solid third quarter and stands to emerge on a positive note from its new deal with Rite Aid Corp. upon the termination of their merger. For the third quarter ended May 31, WBA posted net earnings (GAAP) of $1.16 billion, or $1.07 per diluted
June 26, 2017 by David Pinto
David Pinto, drug chains, Rite Aid Corp., Walgreens Boots Alliance
2017, Issue 06-26-2017, Issues, Opinion
It begins to look like the chain drug industry will toil through 2017 much as it did last year. In other words, Walgreens Boots Alliance’s acquisition of Rite Aid Corp. will likely not happen. This comes as a surprise to many industry people, despite overwhelming evidence that the federal government has long viewed this alliance