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Rite Aid Corp (RAD.N)

RAD.N on New York Stock Exchange

4.56USD
23 Mar 2017
Change (% chg)

$0.11 (+2.47%)
Prev Close
$4.45
Open
$4.50
Day's High
$4.61
Day's Low
$4.47
Volume
2,757,760
Avg. Vol
4,049,041
52-wk High
$8.77
52-wk Low
$4.39

Latest Key Developments (Source: Significant Developments)

Walgreens to sell more assets to win Rite Aid nod - Bloomberg
Tuesday, 14 Mar 2017 02:47pm EDT 

: Walgreens said ready to sell more assets to win Rite Aid nod - Bloomberg, citing sources . Walgreens is nearing an agreement to sell more assets to Tennessee-based discount chain Fred's Inc - Bloomberg, citing sources Source - http://bloom.bg/2lXMuRx ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

BRIEF-Jefferies expects Walgreens Boots share buyback if Rite Aid deal falls through
Monday, 23 Jan 2017 01:49am EST 

Corrects spelling of 'Walgreens Boots' in headline.: Jefferies says should Rite Aid deal fall through, expect Walgreens Boots to implement a sizeable share buyback Further company coverage: [WBA.O] [RAD.N] ((Bangalore.newsroom@thomsonreuters.com;)) Keywords: (CORRECTED).  Full Article

Walgreens' plan to win antitrust nod for Rite Aid deal has not satisfied FTC - Bloomberg
Friday, 20 Jan 2017 11:35am EST 

: Walgreens Boots Alliance's plan to win U.S. antitrust clearance for acquisition of Rite Aid has not satisfied officials at FTC - Bloomberg, citing sources . FTC lawyers are not convinced by Walgreens proposal to sell 865 drugstores to Fred's Inc to get approval to take over Rite Aid - Bloomberg, citing sources . FTC is unlikely to complete review of the Walgreens-Rite Aid deal by the companies' Jan. 27 deadline to close the deal - Bloomberg, citing source Further company coverage: [WBA.O] [RAD.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Rite Aid posts Q3 adj. earnings per share $0.02
Thursday, 22 Dec 2016 07:00am EST 

Rite Aid Corp : Rite Aid reports fiscal 2017 third quarter results . Q3 adjusted earnings per share $0.02 . Q3 earnings per share $0.01 . Q3 revenue $8.1 billion versus I/B/E/S view $8.23 billion . Q3 same store sales fell 3.4 percent . Q3 earnings per share view $0.04 -- Thomson Reuters I/B/E/S ."reimbursement rates remain our largest challenge and we expect that to continue for remainder of fiscal year".  Full Article

Fred's Pharmacy to acquire 865 Rite Aid stores in $950 mln deal
Tuesday, 20 Dec 2016 08:30am EST 

Fred's Inc : Fred's Pharmacy agrees to acquire 865 Rite Aid stores . Deal for $950 million in cash . Fred's Inc - upon completion of acquisition, company will operate acquired stores and will retain Rite Aid banner through a 24-month transition . Closing of transaction is expected to take several months after walgreens boots alliance's proposed acquisition of Rite Aid is completed . Fred's Inc says has received financing commitments to fund purchase price .Expects that acquired stores would be accretive to earnings and generate substantial cash flow.  Full Article

Walgreens Boots Alliance, Rite Aid reach agreement to sell 865 Rite Aid stores to Fred's Pharmacy
Tuesday, 20 Dec 2016 08:30am EST 

Walgreens Boots Alliance Inc : Walgreens Boots Alliance Inc says continues to expect that it will realize synergies from acquisition of Rite Aid in excess of $1 billion .Walgreens Boots Alliance and Rite Aid reach agreement to sell 865 Rite Aid stores to Fred's Pharmacy.  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

More From Around the Web

Court overturns verdict for ex-Rite Aid pharmacist with needle phobia

A federal appeals court has overturned a $1.8 million jury verdict for a pharmacist who sued Rite Aid Corp for discrimination after it fired him because his phobia of needles prevented him from performing vaccinations.