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RITE AID

  • Rite Aid expands naloxone non-prescription availability in six states

    CAMP HILL, Pa. — Rite Aid announced Wednesday that naloxone, a medication that can be used to reverse the effects of an opioid overdose, is now available at more than 630 pharmacies in Georgia, Louisiana, Tennessee, Utah, Virginia and West Virginia without a prescription, subject to state regulations.

  • Walgreens, Rite Aid, Walmart and Target oppose Border Adjustment Tax

    WASHINGTON, D.C. — More than 100 retailers and trade associations, including Walgreens Boots Alliance, Rite Aid, Walmart and Target, have joined the Americans for Affordable Products coalition in an effort to stop the Border Adjustment Tax, otherwise known as BAT, which is a component of the U.S. House Republican tax reform proposal.

  • Rite Aid shelves stocked with sentimental fare in time for Valentine's Day

    CAMP HILL, Pa.  — Rite Aid stores nationwide are stocking the essentials needed to celebrate Valentine's Day this year. From cards to chocolates, fresh cut flowers, loveable plush and seasonal décor, Rite Aid's 4,600 locations are ready to help its customers celebrate the "season of love."

  • Analyst: ‘Still chance of a reasonable outcome’ for Walgreens-Rite Aid deal

    NEW YORK — An Evercore ISI analyst maintained his “buy” rating on Walgreens Boots Alliance stock, stating that although its proposed deadline for a deal with Rite Aid has been delayed, “there is still a chance of a reasonable outcome for both parties.”

    The companies pushed back the deadline for merger from Jan. 27 to July 31 and trimmed the purchase price paid to Rite Aid to $6.50 to $7 per share — based upon the number of store divestitures the FTC requires — from $9 per share.

  • Walgreens, Rite Aid amend deal to $7 per share, extend end date

    DEERFIELD, Ill.  — Walgreens Boots Alliance and Rite Aid on Monday morning extended their previously announced definitive merger agreement under which Walgreens Boots Alliance will acquire all outstanding shares of Rite Aid.

  • Friday is the Walgreens-Rite Aid merger deadline

    DEERFIELD, Ill.  — The day some analysts thought would never come has arrived. On Friday, Jan. 27, the deadline expires for the pending acquisition of Rite Aid by Walgreens Boots Alliance for $9 per share in cash (representing a $17.2 billion deal including the acquired net debt).

    What now?

  • WBA CEO to shareholders: ‘Taking into account anything that is required’ to close deal

    NEW YORK  — With the deadline for the deal set to expire Friday, Jan. 27, Walgreens Boots Alliance CEO Stefano Pessina told shareholders attending the Walgreens Boots Alliance annual meeting Thursday morning that the board of directors for both Walgreens and Rite Aid were in "active" discussions toward getting the deal approved even as the Federal Trade Commission continues to deliberate over the proposed retail pharmacy merger.

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