01/20/2017 - 10:50am

Turns out DSN readers were right — 59% believed the decision the Walgreens/Rite Aid deal would not be approved before Donald Trump is sworn in as the 45th U.S president.

01/17/2017 - 9:17am

The deal will set in motion immediate synergies as the combination of Walgreens and Rite Aid creates a national network of almost 12,000 locations focused on delivering health care and beauty.

01/12/2017 - 2:31pm

The Rite Aid Foundation's KidCents program, which now includes more than 430 charities, has offered nonprofits located in communities served by Rite Aid a unique way to fundraise in support of those they serve.

01/12/2017 - 11:58am

“The integration of the two networks ... will create substantial synergies [on the] organizational side of the business [and] procurement side of the business," Stefano Pessina, CEO Walgreens Boots Alliance, told analysts.

01/11/2017 - 11:35am

By this time next week, the FTC is expected to have approved the Walgreens Boots Alliance/Rite Aid merger, including the divestiture of 865 stores to Fred's, The New York Post reported late Tuesday, citing sources close to the case. "[T]he FTC will likely ask Fred’s — which will more than double in size after it buys the Rite Aid stores — to raise additional equity to help stabilize its financing after closing," The Post reported. The deal approval is being expedited prior to the inauguration of President Donald Trump, The Post added. (The New York Post)

01/05/2017 - 8:25am

Walgreens operations in the U.S. realized a 1.1% quarterly increase in overall comp sales. Same-store pharmacy sales increased 2% compared with the year-ago quarter.

12/22/2016 - 8:44am

Now that Fred’s is taking on 865 divested Rite Aid stores, Walgreens is in active discussions with FTC to close the transaction.

12/20/2016 - 1:44pm

Additional 865 stores could add $6B in revenues and $31M in profits to the Memphis-based retailer’s bottom line.

12/20/2016 - 10:14am

Walgreens Boots Alliance and Rite Aid have entered into an agreement to sell 865 Rite Aid stores and certain assets related to store operations to Fred’s for $950 million.