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Rite Aid Corp (RAD.N)

RAD.N on New York Stock Exchange

3.80USD
27 Jun 2017
Change (% chg)

$-0.25 (-6.17%)
Prev Close
$4.05
Open
$3.95
Day's High
$3.98
Day's Low
$3.68
Volume
1,897,334
Avg. Vol
4,560,532
52-wk High
$8.77
52-wk Low
$2.90

Latest Key Developments (Source: Significant Developments)

FTC staff to advise blocking Rite Aid-Walgreens merger- CNBC, citing report
Friday, 9 Jun 2017 12:30pm EDT 

June 9 (Reuters) - :FTC staff to advise blocking Rite Aid-Walgreens merger- CNBC, citing report.  Full Article

Rite Aid Corp CEO Standley's FY 2017 compensation was $8.1 mln
Wednesday, 7 Jun 2017 04:19pm EDT 

June 7 (Reuters) - Rite Aid Corp :Rite Aid Corp says CEO John Standley's fiscal year 2017 total compensation was $8.1 million versus $22.4 million in fiscal year 2016 - SEC filing.Rite aid corp says CEO of Rite Aid Stores Kenneth Martindale's fiscal year 2017 total compensation was $5.3 million versus $15.2 million in fiscal year 2016.  Full Article

Walgreens says required to redeem multiple notes as pending acquisition of Rite Aid was not consummated on or before June 1, 2017
Friday, 2 Jun 2017 06:23am EDT 

June 2 (Reuters) - Walgreens Boots Alliance :Walgreens Boots Alliance - as pending acquisition of rite aid corp was not consummated on or before june 1, 2017, co required to redeem multiple notes.Walgreens Boots Alliance- to redeem $1.25 billion principal amount of 1.750% notes due 2018, $1.5 billion principal amount of 2.600% notes due 2021-sec filing.Walgreens Boots Alliance Inc - co does not currently plan to issue additional securities to replace notes being redeemed.  Full Article

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

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Rite Aid share prices fall on report regarding Walgreens deal

Shares of drugstore chain Rite Aid Corp fell sharply on Friday on a report that indicated its proposed merger with Walgreens Boots Alliance Inc was having trouble winning U.S. antitrust approval.