DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) today released its annual Corporate Social Responsibility (CSR) report for fiscal 2016, highlighting the company’s ongoing support for people in its communities and workplaces, and overall progress toward its environmental and social goals. WBA strives to be a global leader in caring for communities and the environment,
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
MEMPHIS, Tenn. — Fred’s Inc. has amended a revolving credit facility to provide funding in the event that it must acquire additional Rite Aid stores in connection with the pending Walgreens-Rite Aid merger. According to a filing with the Securities and Exchange Commission, Fred’s is increasing its revolving loan commitment to $225 million from $150
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) Inc. has teamed up with global advertising and public relations giant WPP plc in a wide-ranging marketing and communications partnership for its businesses and brands. WBA said late Tuesday that WPP will operate and develop multiple marketing and communications channels for its retail and wholesale divisions and its
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
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
NEW YORK — Walgreens Boots Alliance Inc. (WBA) and Rite Aid Corp. have entered into an agreement to sell 865 Rite Aid stores and certain assets related to store operations to Fred’s Inc. for $950 million. The all-cash transaction is subject to Federal Trade Commission approval, as well as the completion of the pending acquisition
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) and Rite Aid Corp. have lengthened the time frame for completing their planned $17.2 billion merger. The companies this month extended the deal’s end date to January 27 from October 27 and said they expect the transaction to close early next year. Under the agreement, WBA and
NEW YORK — Walgreens Boots Alliance Inc. (WBA) was honored earlier this month at the United Nations Foundation’s 2016 Global Leadership Awards Dinner for its commitment to the UN’s Sustainable Development Goals through its support for well-being around the world. The UN awarded WBA for its vaccination program “Get a Shot. Give a Shot.” —
CAMP HILL, Pa. — Despite an uptick in total sales, lower drug reimbursement rates and script count trimmed profits at Rite Aid Corp. for its fiscal 2017 second quarter. Rite Aid also said Thursday that it continues to expect its acquisition by Walgreens Boots Alliance (WBA) Inc., a $17.2 billion deal announced Oct. 27, to
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) has raised the number of stores it expects to sell or close to win government approval for its $17.2 billion purchase of Rite Aid Corp. WBA said this month that between 500 and 1,000 Walgreens and/or Rite Aid stores will most likely need to be divested to
DEERFIELD, Ill. — Walgreens, the biggest component of Walgreens Boots Alliance Inc., has added new features to its paperless coupon program, which first appeared in 2014. The company also announced that since the program’s debut more than 135 million coupons from Walgreens and manufacturers have been virtually “clipped” and there has been a continual increase