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WBA

Rite Aid turns in net loss for first quarter

Rite Aid turns in net loss for first quarter

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

WBA names Gourlay, Barra Co-COOs

WBA names Gourlay, Barra Co-COOs

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

WBA gains stake in Russian HBA chain

WBA gains stake in Russian HBA chain

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

Rite Aid shareholders approve Walgreens merger

Rite Aid shareholders approve Walgreens merger

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

WBA begins fiscal 2016 on strong note

WBA begins fiscal 2016 on strong note

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) topped Wall Street’s earnings projections for its fiscal 2016 first quarter. WBA said Thursday that for the first quarter ended Nov. 30, 2015, adjusted net earnings attributable to Walgreens Boots Alliance were $1.13 billion, or $1.03 per diluted share, compared with $749 million, or 78 cents per diluted

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