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Rite Aid Corp (RAD.N)

RAD.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Rite Aid expands naloxone dispensing program in six additional states
Wednesday, 15 Feb 2017 09:23am EST 

Rite Aid Corp : Rite aid expands naloxone dispensing program in six additional states .Rite aid corp - naloxone available without a prescription at pharmacies in georgia, louisiana, tennessee, utah, virginia and west virginia.  Full Article

Rite Aid Q2 adjusted earnings per share $0.03
Thursday, 22 Sep 2016 07:00am EDT 

Rite Aid Corp : Rite Aid reports fiscal 2017 second quarter results . Q2 adjusted earnings per share $0.03 . Q2 earnings per share $0.01 . Q2 revenue $8.0 billion versus I/B/E/S view $8.17 billion . Q2 same store sales fell 2.5 percent . Q2 earnings per share view $0.02 -- Thomson Reuters I/B/E/S . Qtrly retail pharmacy segment revenues were $6.5 billion and decreased 2.4 percent compared to prior year .Company continues to believe that Rite Aid and Walgreens Boots Alliance Inc. Transaction will close in second half of calendar year 2016..  Full Article

Rite Aid's RediClinic & Hackensack Meridian Health form joint venture to Open Retail-Based, Convenient Care Clinics
Tuesday, 23 Aug 2016 09:00am EDT 

Rite Aid Corp : Says Rite Aid's RediClinic and Hackensack Meridian Health form joint venture to Open Retail-Based, Convenient Care Clinics .Rite Aid Corp says JV to open Convenient Care Clinics inside select Rite Aid Pharmacies in Middlesex, Monmouth and Ocean Counties in New Jersey.  Full Article

Western Union renews 20-year relationship with Rite Aid
Tuesday, 12 Jul 2016 08:30am EDT 

Western Union Co : Renews 20-Year relationship with Rite Aid . Consumers can purchase money orders and pay their bills at Rite Aid locations nationwide .Consumers at Rite Aid locations to continue to have ability to send and receive western union money transfer transactions U.S. or across globe.  Full Article

Walgreens Boots CEO says difficult to gauge impact from Brexit at this time
Wednesday, 6 Jul 2016 09:32am EDT 

Walgreens Boots Alliance Inc : CEO -have already improved base salary for lowest wage workers . CEO - Britain's vote to leave EU has created some uncertainty and volatility in our market . CEO on Brexit - confident we will emerge well-positioned as we enter more optimistic times . CFO- UK government has been consulting with industry on pharmacy funding, waiting to hear their conclusions . Majority of the $1.5 billion savings is coming from the USA pharmacy business . CEO-We are very confident that Rite Aid deal will go through, "lawyers are telling us that we don't have any negative signals" . CEO- "we are trying to find the right buyers for the pharmacy sector we will have to divest" . Executive-We will continue to improve minimum wage paying close attention to the market . CEO on possible Brexit impact- "very very difficult to say. The situation is very volatile at this time. For sure, the period of uncertainty will be quite long" . CEO- Consequence of Britain leaving EU will be much longer than 2 years, in a few months probably will be able to say something on possible impact Further company coverage: [WBA.O] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Rite Aid Corp Q1 adjusted EPS $0.01
Thursday, 16 Jun 2016 07:00am EDT 

Rite Aid Corp : Rite Aid reports fiscal 2017 first quarter results . Q1 adjusted earnings per share $0.01 . Q1 earnings per share $0.00 . Q1 revenue $8.2 billion versus i/b/e/s view $8.26 billion . Q1 same store sales rose 0.4 percent .Q1 earnings per share view $0.05 -- Thomson Reuters I/B/E/S.  Full Article

Walgreens Boots Alliance to acquire Rite Aid for $17.2 billion in all-cash transaction
Tuesday, 27 Oct 2015 05:15pm EDT 

Walgreens Boots Alliance Inc:Says the company and Rite Aid Corporation have entered into a definitive agreement.Agreement under which Walgreens Boots Alliance will acquire all outstanding shares of Rite Aid, a U.S. retail pharmacy chain, for $9.00 per share in cash, for a total enterprise value of about $17.2 billion, including acquired net debt.Transaction is expected to be accretive to Walgreens Boots Alliance's adjusted earnings per share in its first full year after completion.Additionally, Walgreens Boots Alliance expects to realize synergies in excess of $1 billion.Says boards of directors of both companies have approved the transaction.Upon completion of the merger, Rite Aid will be a wholly owned subsidiary of Walgreens Boots Alliance.Walgreens Boots Alliance expects to finance the transaction through a combination of existing cash, assumption of existing Rite Aid debt and issuance of new debt.Citi acted as Rite Aid's exclusive financial adviser.UBS Investment Bank acted as Walgreens Boots Alliance's financial adviser.  Full Article

Rite Aid Corp says gets subpoena related to pseudoephedrine investigation
Monday, 5 Oct 2015 08:00pm EDT 

Rite Aid Corp:Co in agreement with parties including medicaid fraud control units of several states to extend tolling agreement until April 7, 2016.Agreement related to civil investigative demand subpoena duces tecum in order to enable the parties to discuss a possible resolution.Says agreement relates to the previously disclosed civil investigative demand subpoena duces tecum.Received a subpoena on September 2 from grand jury sitting in U.S. district court for the southern district of West Virginia.Subpoena related to previously disclosed investigation regarding co's sale of products containing pseudoephedrine.  Full Article