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
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
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
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
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
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
CAMP HILL, Pa. — Rite Aid Corp. said slim reimbursement rates, new generic drugs and the ongoing antitrust talks for the merger with Walgreens Boots Alliance (WBA) squeezed sales and earnings for its fiscal 2017 third quarter. Rite Aid said Thursday that for the third quarter ended Nov. 26, sales dipped 0.8% to $8.09 billion
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.” —