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Walgreens Boots Alliance Inc (WBA.OQ)

WBA.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Valoremrx Collaborates With Kroger Specialty Pharmacy To Improve Access And Patient Care
Tuesday, 19 Mar 2019 

March 19 (Reuters) - Walgreens Boots Alliance Inc ::VALOREMRX COLLABORATES WITH KROGER SPECIALTY PHARMACY TO IMPROVE ACCESS AND PATIENT CARE.VALOREMRX SPECIALTY SOLUTIONS-THE GPO FORMED BY JV BETWEEN EXPRESS SCRIPTS & WALGREENS, ANNOUNCED ITS NEW COLLABORATION WITH KROGER SPECIALTY PHARMACY.  Full Article

BioScrip And Option Care To Merge
Friday, 15 Mar 2019 

March 15 (Reuters) - BioScrip Inc ::PRESS RELEASE - HOME AND ALTERNATE SITE INFUSION THERAPY PROVIDERS BIOSCRIP AND OPTION CARE TO MERGE.BIOSCRIP INC - BIOSCRIP TO ISSUE NEW SHARES TO OPTION CARE'S SHAREHOLDER, WHICH WILL OWN APPROXIMATELY 80% OF COMBINED COMPANY ON FULLY DILUTED BASIS.BIOSCRIP INC - COMBINED COMPANY'S COMMON STOCK WILL CONTINUE TO BE LISTED ON NASDAQ GLOBAL MARKET.BIOSCRIP INC - TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF BOTH BIOSCRIP AND OPTION CARE.BIOSCRIP INC - COMBINED CO WILL BE LED BY OPTION CARE CHIEF EXECUTIVE OFFICER JOHN RADEMACHER AND OPTION CARE CHIEF FINANCIAL OFFICER MIKE SHAPIRO.BIOSCRIP INC - CO'S PRESIDENT AND CEO DANIEL E. GREENLEAF WILL REMAIN ACTIVE IN COMBINED CO AS A SPECIAL ADVISOR TO ITS BOARD OF DIRECTORS.BIOSCRIP - CO,OPTION CARE SECURED COMMITTED FINANCING FROM BANK OF AMERICA MERRILL LYNCH, FUNDS AFFILIATED WITH ARES MANAGEMENT, GOLDMAN SACHS MERCHANT BANKING DIVISION.BIOSCRIP - CO,OPTION CARE SECURED COMMITTED FINANCING TO REFINANCE & SIMPLIFY COMBINED CO'S CAPITAL STRUCTURE.BIOSCRIP - CO TO ISSUE NEW SHARES TO OPTION CARE'S SHAREHOLDER, OWNED BY INVESTMENT FUNDS RELATED TO MADISON DEARBORN PARTNERS, & WALGREENS BOOTS ALLIANCE.  Full Article

Rite Aid Announces Leadership Transition And Organizational Restructuring
Wednesday, 13 Mar 2019 

March 12 (Reuters) - Rite Aid Corp ::RITE AID ANNOUNCES LEADERSHIP TRANSITION AND ORGANIZATIONAL RESTRUCTURING.JOHN STANDLEY TO STEP DOWN AS CHIEF EXECUTIVE OFFICER.KERMIT CRAWFORD, PRESIDENT AND COO, AND DARREN KARST, CFO AND CAO, LEAVING COMPANY.KERMIT CRAWFORD, PRESIDENT AND COO, AND DARREN KARST, CFO AND CAO, LEAVING COMPANY.COMPANY EXPECTS TO GENERATE ANNUAL COST SAVINGS OF $55 MILLION THROUGH ORGANIZATIONAL RESTRUCTURING.WILL REDUCE MANAGERIAL LAYERS AND CONSOLIDATE ROLES ACROSS ORGANIZATION.STANDLEY WILL REMAIN CEO UNTIL APPOINTMENT OF HIS SUCCESSOR.RITE AID EXPECTS TO INCUR A ONE-TIME RESTRUCTURING CHARGE OF APPROXIMATELY $38 MILLION TO ACHIEVE TARGETED COST SAVINGS.TO CUT APPROXIMATELY 400 FULL-TIME POSITIONS.BRYAN EVERETT AND MATT SCHROEDER NAMED COO AND CFO, RESPECTIVELY.ABOUT TWO-THIRDS OF REDUCTIONS WILL TAKE PLACE IMMEDIATELY WITH BALANCE BY END OF FISCAL 2020.TO CUT MORE THAN 20% OF CORPORATE POSITIONS LOCATED AT COMPANY'S HEADQUARTERS AND ACROSS FIELD ORGANIZATION.ANNOUNCED LEADERSHIP TRANSITION PLAN AND ORGANIZATIONAL RESTRUCTURING TO BETTER ALIGN STRUCTURE WITH OPERATIONS AND TO REDUCE COSTS.MATT SCHROEDER, CHIEF ACCOUNTING OFFICER AND TREASURER, HAS BEEN PROMOTED TO CHIEF FINANCIAL OFFICER.SAVINGS FROM JOB CUTS TO OFFSET EXPECTED REDUCTION IN INCOME ASSOCIATED WITH OBLIGATIONS UNDER AGREEMENT WITH WALGREEN CO.  Full Article

U.S. FDA Statement On New Actions To Combat Youth Access To E-Cigarettes
Monday, 4 Mar 2019 

March 4 (Reuters) - FDA COMMISSIONER SCOTT GOTTLIEB::U.S. FDA STATEMENT ON NEW ACTIONS TO COMBAT YOUTH ACCESS TO E-CIGARETTES.FDA COMMISSIONER SCOTT GOTTLIEB SAYS SENT A LETTER ON MARCH 4 TO CORPORATE MANAGEMENT OF WALGREEN CO.FDA- SOUGHT MEETING WITH WALGREEN ABOUT "CORPORATE-WIDE ISSUE" RELATED TO "RECORD OF VIOLATING" LAW BY "ILLEGALLY" SELLING TOBACCO PRODUCTS TO KIDS.FDA- IDENTIFIED 15 NATIONAL RETAIL CHAINS WITH "DISTURBINGLY HIGH RATES OF VIOLATIONS FOR ILLEGAL SALES OF TOBACCO PRODUCTS TO MINORS".FDA SAYS "COMPANIES SHOULD BE ON NOTICE THAT THE FDA IS CONSIDERING ADDITIONAL ENFORCEMENT AVENUES TO ADDRESS HIGH RATES OF VIOLATIONS".FDA SAYS ON MARCH 4, SENT LETTERS TO MORE THAN 40 COMPANIES SEEKING INFORMATION ABOUT WHETHER MORE THAN 50 PRODUCTS ARE BEING ILLEGALLY MARKETED.FDA - SENT WARNING LETTERS TO SEVERAL COS FOR SELLING ENDS PRODUCTS, WATERPIPE TOBACCO PRODUCT WHICH DID NOT HAVE REQUIRED NICOTINE WARNING STATEMENT.  Full Article

Alipay Now Available At Walgreens Stores
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - Walgreens Boots Alliance Inc ::ALIPAY, THE WORLD'S LEADING DIGITAL PAYMENT PLATFORM, NOW AVAILABLE AT THOUSANDS OF WALGREENS STORES NATIONWIDE.WALGREENS BOOTS ALLIANCE INC - WILL BE LARGEST U.S. DRUGSTORE CHAIN TO DEPLOY ALIPAY.  Full Article

U.S. FDA pursues order barring specific retailers from selling tobacco products
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - U.S. FDA::PURSUES ORDER BARRING SPECIFIC RETAILERS FROM SELLING TOBACCO PRODUCTS AS PART OF ITS CONTINUING EFFORTS TO TARGET YOUTH TOBACCO USE.INITIATED ENFORCEMENT ACTION AGAINST SOME RETAIL LOCATIONS OF WALGREEN CO, CIRCLE K STORES FOR SALE OF TOBACCO PRODUCTS, TO MINORS.WALGREENS IS CURRENTLY TOP VIOLATOR AMONG PHARMACIES THAT SELL TOBACCO PRODUCTS, TO MINORS.NO-TOBACCO-SALE ORDERS ACTION AGAINST A WALGREENS STORE IN MIAMI, FLORIDA IS THE FIRST AGAINST A WALGREENS STORE.WILL PUT WALGREENS ON NOTICE THAT FDA IS CONSIDERING ADDITIONAL ENFORCEMENT AVENUES TO ADDRESS ITS "RECORD OF VIOLATIVE TOBACCO SALES TO YOUTH".WILL REQUEST MEETING WITH WALGREENS TO DISCUSS WHETHER THERE IS CORPORATE-WIDE ISSUE RELATED TO STORES' NON-COMPLIANCE ON TOBACCO SALES TO YOUTH.  Full Article

Walgreens Boots Alliance Keeps Regular Quarterly Dividend Unchanged At $0.44/Share
Saturday, 26 Jan 2019 

Jan 25 (Reuters) - Walgreens Boots Alliance Inc ::KEEPS REGULAR QUARTERLY DIVIDEND UNCHANGED AT $0.44PER SHARE.WALGREENS BOOTS ALLIANCE DECLARES REGULAR QUARTERLY DIVIDEND.  Full Article

Walgreens Expects To Recognize Cost Savings Over Time That Will Be Part Of Transformational Cost Management Program
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Microsoft Corp ::WALGREENS - EXPECTS TO RECOGNIZE COST SAVINGS OVER TIME THAT WILL BE PART OF TRANSFORMATIONAL COST MANAGEMENT PROGRAM ANNOUNCED IN DEC 2018.WALGREENS BOOTS ALLIANCE-ANTICIPATES CERTAIN OF THE ACTIVITIES MAY RESULT IN SIGNIFICANT RESTRUCTURING, OTHER SPECIAL CHARGES AS THEY ARE IMPLEMENTED.WALGREENS BOOTS ALLIANCE INC - AT PRESENT, CO NOT ABLE TO MAKE DETERMINATION OF TOTAL ESTIMATED AMOUNT/ RANGE OF AMOUNTS IT MAY INCUR.  Full Article

Walgreens Boots Alliance And Microsoft Establish Strategic Partnership To Transform Health Care Delivery
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Walgreens Boots Alliance ::WALGREENS BOOTS ALLIANCE AND MICROSOFT ESTABLISH STRATEGIC PARTNERSHIP TO TRANSFORM HEALTH CARE DELIVERY.WALGREENS BOOTS ALLIANCE - COS COMMITTED TO MULTIYEAR RESEARCH AND DEVELOPMENT INVESTMENT TO BUILD HEALTH CARE SOLUTIONS, IMPROVE HEALTH OUTCOMES, LOWER COST OF CARE.WALGREENS BOOTS ALLIANCE INC - INVESTMENT WILL INCLUDE FUNDING, SUBJECT-MATTER EXPERTS, TECHNOLOGY AND TOOLS.WALGREENS BOOTS ALLIANCE - COS WILL ALSO EXPLORE POTENTIAL TO ESTABLISH JOINT INNOVATION CENTERS IN KEY MARKETS.WALGREENS BOOTS ALLIANCE - IN 2019 WBA WILL PILOT UP TO 12 STORE-IN-STORE "DIGITAL HEALTH CORNERS".WALGREENS BOOTS ALLIANCE - PLANS TO MIGRATE MAJORITY OF CO'S IT INFRASTRUCTURE ONTO MICROSOFT AZURE.  Full Article

Walgreens Boots Alliance Inc - On December 21, 2018, Co Entered Into A Revolving Credit Agreement
Wednesday, 26 Dec 2018 

Dec 26 (Reuters) - Walgreens Boots Alliance Inc ::WALGREENS BOOTS ALLIANCE INC - ON DECEMBER 21, 2018, CO ENTERED INTO A REVOLVING CREDIT AGREEMENT.WALGREENS BOOTS ALLIANCE INC - CREDIT AGREEMENT INCLUDES A $1 BILLION SENIOR UNSECURED REVOLVING CREDIT FACILITY.  Full Article

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FDA pulls up Walgreens for violating tobacco sale laws by selling to minors

The U.S. Food and Drug Administration said on Thursday it was taking action against certain retailers including Walgreen Boots Alliance for repeatedly flouting tobacco sale rules, including sale of cigars and menthol cigarettes to minors.