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Rite Aid Corp (RAD.N)

RAD.N on New York Stock Exchange

3.66USD
24 May 2017
Change (% chg)

$0.12 (+3.39%)
Prev Close
$3.54
Open
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Day's High
$3.77
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$3.54
Volume
5,437,386
Avg. Vol
4,230,383
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$8.77
52-wk Low
$3.32

Latest Key Developments (Source: Significant Developments)

Greenlight Capital dissolves share stake in Yelp, cuts share stake in Chemours Co
Monday, 15 May 2017 06:28pm EDT 

May 15 (Reuters) - Greenlight Capital: :Greenlight Capital dissolves share stake in Yelp Inc.Greenlight Capital ups share stake in Consol Energy Inc by 47.1 percent to 22.7 million shares.Greenlight Capital Inc cuts share stake in Chemours Co by 44.1 percent to 5.0 million shares.Greenlight Capital Inc cuts share stake in Rite Aid Corp by 18.0 percent to 16.8 million shares.Change in holdings are as of March 31, 2017 and compared with the previous quarter ended as of Dec. 31, 2016.  Full Article

Walgreens Boots Alliance and Rite Aid certify substantial compliance with second request
Monday, 8 May 2017 06:16pm EDT 

May 8 (Reuters) - Rite Aid Corp ::Rite Aid Corp - co, Walgreens Boots Alliance (not Rite Aid) certified substantial compliance with request for additional info from U.S. FTC regarding merger.Walgreens Boots Alliance and Rite Aid certify substantial compliance with second request.  Full Article

Rite Aid reports Q4 loss per share of $0.02
Tuesday, 25 Apr 2017 07:00am EDT 

April 25 (Reuters) - Rite Aid Corp :Rite Aid reports fiscal 2017 fourth quarter and full year results.Q4 adjusted earnings per share $0.00.Q4 loss per share $0.02.Q4 revenue $8.5 billion versus I/B/E/S view $8.25 billion.Q4 same store sales fell 3 percent.Q4 earnings per share view $0.02 -- Thomson Reuters I/B/E/S.Extended duration of merger process with Walgreens Boots Alliance is having a negative impact on results."Continue to face reimbursement rate challenges that we have been unable to offset with drug cost reductions".WBA, Co continue to be actively engaged in discussions with federal trade commission regarding deal,working toward close of deal by July 31, 2017.  Full Article

Fred's Q4 loss per share $0.60
Thursday, 6 Apr 2017 06:30am EDT 

Fred's Inc : Fred's reports fourth quarter, full fiscal year 2016 results and march sales . Q4 loss per share $0.60 . March same store sales fell 0.5 percent . Q4 earnings per share view $-0.16 -- Thomson Reuters I/B/E/S . Q4 sales $529.7 million versus I/B/E/S view $531.3 million . March sales fell 2.7 percent to $208.6 million . Fred's inc says march comparable store sales decreased 0.5% . Fred's inc - "we expect positive trends we experienced in q4 to continue" . During Q4, company recorded charges totaling $23.4 million . Fred's inc - "looking at organization as a whole, we expect to see continued sequential bottom-line improvement in 2017 as initiatives underway take hold" . Fred's inc - comparable store sales for quarter decreased 3.6% versus a 1.7% increase in comparable store sales in q4 of last year . Fred's inc - comparable store sales in q4 included negative 2.6% impact as result of sale of low productive discontinued inventory versus Q4 of 2015 . Total sales for five-week fiscal month ended april 1 decreased 2.7% to $208.6 million from $214.3 million in march 2016 . Fred's-Fred's pharmacy's working collaboratively with Walgreens Boots Alliance, Rite, FTC to help obtain FTC's approval of WBA's pending acquisition of rite aid.  Full Article

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

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