February 15, 2017

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.

February 15, 2017

Naloxone is also available for purchase without patient specific prescriptions at Rite Aid pharmacies in 17 additional states.

February 3, 2017

The National Retail Federation estimates the proposed tax on imports could cost American families as much $1,700 per year.

February 2, 2017

DSN examines what's trending now overall in oral care, as well as in-depth sales activity in the toothbrush and dental floss categories, highlighting new products hitting the beauty aisles.

February 2, 2017

DSN associate editor David Salazar examines the state of the pharmacy industry, including generics, automation and technology, in this multi-page report.

 

February 1, 2017

Rite Aid shelves are lined with a large assortment of classic chocolate hearts, among other seasonal delights, for Valentine's Day.

January 31, 2017

Evercore ISI’s Ross Muken has reiterated his “buy” rating on Walgreens stock.

January 30, 2017

Under the terms of the amendment, Walgreens Boots Alliance will pay a maximum of $7 per share, down from $9 per share, and the end date is extended from Jan. 27 to July 31.

January 27, 2017

Citing sources close to the negotiations, The New York Post on Friday reported that private-equity giant Cerberus Capital may emerge as a possible white knight for Walgreens and Rite Aid by acquiring the 865 stores being divested. "Cerberus had participated in Walgreen’s December auction of the stores in question, losing to a winning bid of $950 million from regional drug chain Fred’s, according to two sources close to the situation," The Post reported. "Walgreens had rejected Cerberus’ bid partly because it was concerned the Federal Trade Commission would not approve a private-equity buyer, according to the sources." Either way, the deal is "not in danger of collapsing" even though the deal technically expires Friday, The Post added. (The New York Post)

January 26, 2017

If the Walgreens-Rite Aid deal is not extended, Walgreens may need to forfeit a $325 million termination fee, analysts noted.

January 26, 2017

"At this time, we are actively engaged in discussion with Rite Aid regarding how to proceed," Walgreens Boots Alliance CEO Stefano Pessina told shareholders. "These discussions include taking into account anything that is required to gain approval."

January 25, 2017

The New York Post late Tuesday night reported that neither Walgreens nor Rite Aid will the nix the deal if the they don't get regulatory approval by the deadline Jan. 27.  “I assume that is correct,” a source with direct knowledge of the situation told The Post on Tuesday. "Rite Aid’s shares closed up 5 cents, at $6.95, well below the offer price," The Post added. "Its shares could fall below $4 if the deal is blocked, sources said." (The New York Post)

January 23, 2017

"As the Walgreens/Rite Aid merger agreement is set to expire on Jan. 27, Walgreens could look to re-cut the ... deal given the challenges, potentially enhancing its profile," noted DB analyst George Hill.

January 23, 2017

Rite Aid's chief human resources officer is responsible for all aspects of human resources, including training, recruitment, talent management, compensation, leadership development and diversity.

January 20, 2017

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.

January 17, 2017

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.

January 12, 2017

“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.

January 12, 2017

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.

January 11, 2017

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)

January 5, 2017

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.

January 4, 2017

DSN associate editor David Salazar examines the state of the pharmacy industry in this multi-page report.

December 22, 2016

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

December 20, 2016

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

December 20, 2016

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.