SPARTANBURG, S.C. — Rite Aid Corp. has opened a new distribution center here, the company’s first new distribution center in 16 years. John Standley, Rite Aid chairman and chief executive officer and Ken Martindale, CEO of Rite Aid Stores and president of Rite Aid Corp., were joined by South Carolina secretary of commerce Bobby Hitt
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) Inc. has announced a $6 billion debt offering to help finance its $17.2 billion deal to acquire Rite Aid Corp. WBA it expected the underwritten public offering of unsecured, unsubordinated notes to close on June 1, pending customary closing conditions. The company reported that the net proceeds will
CAMP HILL, Pa. — Boosted by its acquisition of EnvisionRx, Rite Aid Corp. saw sales rise for its fiscal 2016 fourth quarter and full year, with adjusted earnings per share topping Wall Street estimates for both periods. Rite Aid said Thursday that for the fourth quarter ended Feb. 27, sales totaled $8.27 billion, up 20.8%
CAMP HILL, Pa. — Rite Aid Corp. stockholders voted by a wide margin to approve the company’s $17.2 billion deal to be purchased by Walgreens Boots Alliance Inc. (WBA). According to Rite Aid, about 97% of the votes cast at a special meeting of stockholders earlier this month were in favor of the deal. A
CAMP HILL, Pa. — Rite Aid Corp. stockholders have voted overwhelmingly to approve the company’s $17.2 billion deal to be acquired by Walgreens Boots Alliance Inc. Approximately 97% of the votes cast at a special meeting of stockholders on Thursday were in favor of the deal. A quorum of 74% of Rite Aid’s total outstanding
CAMP HILL, Pa. — Rite Aid Corp. posted flat retail pharmacy sales results for December, despite an uptick in same-store sales at the front end. The drug chain said Thursday that for the four weeks ended Dec. 26, same-store sales dipped 0.1% year over year. That compared with comparable-store sales growth of 0.9% in November.
DEERFIELD, Ill. – As has been expected, Walgreens Boots Alliance Inc. and Rite Aid Corp. announced earlier this month that the two companies have each received a request for additional information (“second request”) from the Federal Trade Commission in connection with WBA’s proposed acquisition of Rite Aid. The second request was issued under notification requirements
WASHINGTON – Retail sales increased 0.1% in October after being unchanged in September and August, the Commerce Department said. So-called core retail sales rose 0.2% last month after increasing 0.1% in September, the government noted. Core sales exclude automobiles, gasoline, building materials and food, and therefore correspond more closely to the consumer spending component of