Comprehensive review to be completed in April, when it will communicate further, company states.
Walmart now boasts more than 35 million SKUs online and recently announced free two-day shipping with a minimum $35 order.
Food giant last week bid $143 billion for Unilever.
Unilever declined the initial offer, but it is likely Kraft Heinz will continue to pursue the transaction.
The number of stores to be divested to Fred’s Pharmacy was reportedly a big sticking point, but has now been resolved.
Greenlight Capital’s David Einhorn reportedly initiates position with 1.5 million Fred’s Pharmacy shares and ups Rite Aid stake to nearly 20.5 million shares in the fourth quarter.
Roche, Novartis, Pfizer and Gilead were all named as potential suitors.
A new report from Accenture has found that millions of loyalty points are sitting dormant, and the majority of U.S. consumers (78%) are retracting their loyalty at profit-crushing rates.
Aetna will pay Humana $1 billion as a result of the termination of the merger agreement. Additionally, Aetna has terminated its previously announced agreement to sell certain Medicare Advantage assets to Molina Healthcare.
Ahold Delhaize unveils plan to strengthen entire U.S. grocery division.