October 20, 2016 by MMR
Rite Aid, Stefano Pessina, Walgreens, Walgreens Boots Alliance, WBA
Leading Headlines, Money, Retail News
DEERFIELD, Ill. — As talks roll on to gain regulatory clearance for its acquisition of Rite Aid Corp., Walgreens Boots Alliance (WBA) posted adjusted earnings for its fiscal 2016 fourth quarter and full year that topped Wall Street’s estimates. WBA said Thursday that GAAP net earnings attributable to Walgreens Boots Alliance totaled $1.03 billion, or
October 20, 2016 by MMR
merger, Rite Aid Corp., Walgreens Boots Alliance, WBA
Featured Articles, Leading Headlines, Retail News
DEERFIELD, Ill., and CAMP HILL, Pa. — Walgreens Boots Alliance (WBA) and Rite Aid Corp. are expanding the time frame for completing their planned $17.2 billion merger deal. WBA and Rite Aid said Thursday that they have extended the end date for the agreement to Jan. 27, 2017, from Oct. 27, 2016, and expect the
September 22, 2016 by MMR
fiscal 2017, Rite Aid Corp., second quarter, Walgreens Boots Alliance Inc., WBA
Featured Articles, Leading Headlines, Money, Retail News
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
September 19, 2016 by MMR
Rite Aid Corp., Walgreens Boots Alliance Inc., WBA
2016, Issue 09-19-2016, Issues
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
September 8, 2016 by MMR
Federal Trade Commission, Rite Aid Corp., Walgreens Boots Alliance, WBA
Leading Headlines, Retail News
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) said it’s working on store divestiture scenarios with the Federal Trade Commission to gain clearance for its $17.2 billion deal to acquire Rite Aid Corp. WBA said Thursday that it and Rite Aid “remain actively engaged” in talks with the FTC as the regulator reviews the acquisition, which
July 6, 2016 by MMR
net earnings, Rite Aid Corp., third quarter, Walgreens Boots Alliance, WBA
Featured Articles, Leading Headlines, Money
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) saw sales and adjusted net earnings rise in its fiscal 2016 third quarter, with adjusted earnings per share exceeding Wall Street’s consensus forecast. WBA said Wednesday that its pending acquisition of Rite Aid Corp. remains on track for completion in the second half of this year, and it
June 27, 2016 by David Pinto
CVS Pharmacy, David Pinto, Federal Trade Commission, Rite Aid, Walgreens, Walgreens Boots Alliance, WBA
2016, Issue 06-27-16, Issues, Opinion
Only days — or weeks — may remain until Walgreens Boots Alliance’s long-delayed acquisition of Rite Aid gets the go-ahead from the Federal Trade Commission. If and when that clearance comes, Rite Aid will officially become part of WBA, and the competition between the Walgreens and CVS Pharmacy drug chains will finally take form so
June 16, 2016 by MMR
fiscal 2017 first quarter, Rite Aid Corp., Walgreens Boots Alliance, WBA
Leading Headlines, Money
CAMP HILL, Pa. — Rite Aid Corp. cited pressure in pharmacy reimbursement as it reported a net loss and fell short of Wall Street’s earnings forecast for its fiscal 2017 first quarter. Meanwhile, overall retail sales and same-store sales edged up for the quarter, and the EnvisionRx pharmacy benefit management business, acquired about a year
June 9, 2016 by MMR
Alex Gourlay, Ornella Barra, Rite Aid Corp., Walgreens Boots Alliance Inc., WBA
Featured Articles, Leading Headlines, People
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) has realigned its senior management roles and responsibilities, as it lays the groundwork for the next phase of its evolution, which, pending Federal Trade Commission approval, will include the acquisition and integration of Rite Aid Corp. In an effort to streamline the management of the company’s global
May 27, 2016 by MMR
Rite Aid Corp., Walgreens Boots Alliance Inc., WBA
Leading Headlines, Money, Retail News
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
April 12, 2016 by MMR
Alliance Healthcare Russia, Walgreens Boots Alliance Inc., WBA
Leading Headlines, Retail News
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) Inc. has sold its Alliance Healthcare Russia pharmaceutical wholesale business to 36.6, a leading health and beauty aids and pharmacy retailer in Russia. Financial terms of the transaction weren’t disclosed. However, WBA said it will own a 15% interest in the 36.6 group when the transaction closes. Listed
April 5, 2016 by John Schultz
second quarter, Walgreens Boots Alliance Inc., WBA
Featured Articles, Leading Headlines, Money, Retail News
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) said today that its sales rose 13.6% in the second quarter to $30.2 billion and that it is raising the low end of its earnings-per-share guidance for fiscal 2016 by 5 cents to $4.35 to $4.55. It had net earnings of $930 million, or 85 cents a