June 7, 2017 by MMR
Federal Trade Commission, Rite Aid Corp., Walgreens Boots Alliance, WBA
Featured Articles, Leading Headlines, Retail News
NEW YORK — In a memo to employees this week, Rite Aid Corp.’s top executives appear to acknowledge that the company’s acquisition by Walgreens Boots Alliance (WBA) may not be cleared by the Federal Trade Commission. “We remain actively engaged in discussions with the FTC to attempt to gain regulatory approval, and there can be
May 9, 2017 by MMR
Federal Trade Commission, Rite Aid Corp., Walgreens Boots Alliance, WBA
Featured Articles, Leading Headlines, Retail News
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) and Rite Aid Corp. said they have met the Federal Trade Commission’s second request for information on their planned merger. Late Monday, WBA and Rite Aid announced that they have “certified substantial compliance,” meaning that they have provided the information needed to determine if the Walgreens-Rite Aid merger
April 25, 2017 by MMR
Chairman and chief executive officer John Standley, Rite Aid Corp., Walgreens Boots Alliance, WBA
Featured Articles, Leading Headlines, Money, Retail News
CAMP HILL, Pa. — Despite declines in net income, Rite Aid Corp. posted increased sales and exceeded Wall Street’s adjusted earnings per share forecast for its fiscal 2017 fourth quarter and year. Chairman and chief executive officer John Standley, however, noted that the ongoing regulatory review of Rite Aid’s deal to be acquired by Walgreens
April 5, 2017 by MMR
fiscal 2017, Retail Pharmacy USA, Rite Aid Corp., second quarter, Walgreens Boots Alliance, WBA
Featured Articles, Leading Headlines, Money, Retail News
DEERFIELD, Ill. — Despite an uptick in its Retail Pharmacy USA division, Walgreens Boots Alliance (WBA) reported declined sales for its fiscal 2017 second quarter, with adjusted earnings per share in line with Wall Street’s consensus estimate. Also on Wednesday, WBA had no further news to report on the status of the antitrust review of
February 20, 2017 by MMR
Rite Aid Corp., Walgreens Boots Alliance Inc., WBA
2017, Issue 02-20-2017, Issues
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) and Rite Aid Corp. have extended the end date for their merger by six months, while lowering the offer price. The companies pushed the deal’s end date to July 31 — after a previous extension expired January 27 — to give them extra time to gain regulatory
January 31, 2017 by MMR
Fred’s Inc., Rite Aid, Rite Aid Corp., Walgreens Boots Alliance
Leading Headlines, Retail News
MEMPHIS, Tenn. — Fred’s Inc. has reaffirmed its $950 million deal to buy 865 Rite Aid stores to be divested for antitrust clearance of Walgreens Boots Alliance’s pending acquisition of Rite Aid Corp. Fred’s said late Monday that “the asset purchase agreement it entered into on Dec. 19, 2016, with Walgreens and Rite Aid remains
January 30, 2017 by MMR
merger, Rite Aid Corp., Walgreens Boots Alliance
Featured Articles, Leading Headlines, Retail News
DEERFIELD, Ill., CAMP HILL, Pa. — Walgreens Boots Alliance (WBA) Inc. and Rite Aid Corp. have agreed to extend the end date for their merger deal and lower the offer price. The companies said Monday that the deal end date has been moved to July 31 — after the previous extension expired this past Friday
January 26, 2017 by MMR
Federal Trade Commission, Rite Aid Corp., Walgreens Boots Alliance, WBA, WBA executive vice chairman and chief executive officer Stefano Pessina
Featured Articles, Leading Headlines, Retail News
NEW YORK — Walgreens Boots Alliance (WBA) is still negotiating with the Federal Trade Commission to gain antitrust clearance for its $17 billion deal to acquire Rite Aid Corp., WBA executive vice chairman and chief executive officer Stefano Pessina said at the company’s annual shareholders meeting. “The FTC is doing its job. The process is
January 23, 2017 by MMR
Dedra Castle, Ken Black, Rite Aid Corp.
Leading Headlines, People, Retail News
CAMP HILL, Pa. — Rite Aid Corp. has promoted Ken Black to senior vice president and chief human resources officer. He succeeds Dedra Castle, who is leaving the company for personal health reasons. “On behalf of the entire Rite Aid team, I thank Dedra for her many significant contributions to our company,” Rite Aid chairman
January 9, 2017 by MMR
Fred’s Inc., Rite Aid, Rite Aid Corp., Walgreens Boots Alliance Inc., WBA
2017, Issue 01-09-2017, Issues
MEMPHIS — Fred’s Inc. has taken a huge step forward on its path toward becoming a major drug store chain by agreeing to buy 865 Rite Aid locations from Walgreens Boots Alliance Inc. (WBA) and Rite Aid Corp. for $950 million in cash. The transaction, which also includes certain assets related to store operations, is
January 9, 2017 by MMR
Fred’s Inc., Rite Aid, Rite Aid Corp., Walgreens Boots Alliance Inc., WBA
2017, Issue 01-09-2017, Issues
DEERFIELD, Ill. — By agreeing to sell 865 Rite Aid stores to Fred’s Inc., Walgreens Boots Alliance Inc. and Rite Aid Corp. have likely removed a major barrier to the approval and completion of their pending merger. The sale is, however, dependent on WBA first completing its acquisition of Rite Aid. The sale is a
January 5, 2017 by MMR
Rite Aid Corp., Walgreens Boots Alliance
Featured Articles, Leading Headlines, Money, Retail News
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) edged past Wall Street’s adjusted earnings per share forecast in its fiscal 2017 first quarter despite declined sales and net income. WBA also reported Thursday that it’s still working to finalize its $17 billion deal to acquire Rite Aid Corp. and continues to expect to complete the transaction