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Safeway and Safeway Foundation collectively raise $10.8 million for Special Olympics

BY Michael Johnsen

PLEASANTON, Calif. — Safeway and the Safeway Foundation on Friday announced they raised and donated more than $10.8 million in April for Easter Seals, Special Olympics and a range of other charities that support people with disabilities.

This year’s campaign brings the total donation from the annual Support for People with Disabilities campaign, along with other fundraising activities, to $150 million to benefit some of the most respected and prominent charities that help people with disabilities live fuller lives.

"We are extremely grateful for each and every contribution that will help improve and transform the lives of countless people and ensure their disability doesn’t define their lives or limit their personal potential," stated Larree Renda, Safeway EVP and chair of The Safeway Foundation.

"On behalf of more than 550,000 Special Olympics athletes in North America, I want to thank the Safeway store employees who tirelessly supported the campaign and the Safeway shoppers who made generous contributions to help ensure that their local communities are ones where all people are accepted, welcomed and celebrated for their gifts and talents," commented Special Olympics president and COO Brady Lum.

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Walgreens and Alliance Boots strategic partnership with AmerisourceBergen clears any regulatory hurdle

BY Michael Johnsen

DEERFIELD, Ill. — The deal that paired Walgreens and Alliance Boots with wholesaler AmerisourceBergen has received the required regulatory clearances, the companies announced Friday. 

The regulatory clearances permit both Walgreens and Alliance Boots the purchase of up to 7% of the fully diluted equity of AmerisourceBergen in the open market, and the exercise of two warrants for 16% in the aggregate of the fully diluted equity of AmerisourceBergen in 2016 and 2017. 

The clearances permit the investment in AmerisourceBergen up to 25% in the aggregate, including the effect of any stock repurchases that AmerisourceBergen may engage in from time to time. Walgreens and Alliance Boots announced that they had been granted the right to purchase a minority equity position in AmerisourceBergen as part of a broader innovative long-term agreement on March 19. 

For AmerisourceBergen, the strategic,long-term relationship with Walgreens and Alliance Boots includes a 10-year comprehensive primary pharmaceutical distribution contract with Walgreens; access to generic drugs and related pharmaceutical products through the Walgreens Boots Alliance Development joint venture; and opportunities to accelerate AmerisourceBergen’s efforts to grow its specialty and manufacturer services businesses domestically and internationally. 

Walgreens will have the ability to appoint one director to AmerisourceBergen’s board upon Walgreens and Alliance Boots together acquiring a 5% equity stake, and a second director upon exercise in full of the first warrants.

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C.O. Bigelow Apothecaries owner wins Long Island University Distinguished Alumnus award

BY Alaric DeArment

NEW YORK — Long Island University’s Brooklyn, N.Y., campus has given C.O. Bigelow Apothecaries owner Ian Ginsberg its Distinguished Alumnus Award, the university said.

Ginsberg received the award at the campus’ commencement ceremony at Barclays Center Thursday. 

A 1985 graduate of the university’s pharmacy school and third-generation pharmacist, Ginsberg is also the chairman of the Independent Cosmetic Manufacturers and Distributors.

 

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