Rite Aid Corp (RAD.N)
23 Feb 2018
(The Feb. 20 story was corrected to remove a reference to Albertsons dropping IPO plans in 2017 in paragraph 4)
Feb 20 U.S. grocer Albertsons Cos Inc said it would buy drug store chain Rite Aid Corp to create a company with $83 billion in annual revenue, giving it more clout to compete with bigger chains in an industry fearing the entry of Amazon.Com.
Feb 21 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
* RITE AID - ON FEB. 18, ENTERED STANDSTILL DEAL WITH ALBERTSONS & CERBERUS - SEC FILING Source text : (http://bit.ly/2GwOZjx) Further company coverage:
BRIEF-Kimco Realty Confirms Participation As Investor In Albertsons' Deal To Buy All Outstanding Shares Of Rite Aid
* KIMCO REALTY - CONFIRMS PARTICIPATION AS INVESTOR IN ALBERTSONS' DEAL TO BUY ALL OUTSTANDING SHARES OF RITE AID
* ALBERTSONS COMPANIES AND RITE AID MERGE TO CREATE FOOD, HEALTH, AND WELLNESS LEADER
Feb 20 U.S. grocery chain operator Albertsons Companies Inc plans to buy the part of Rite Aid Corp that is not being bought by Walgreens Boots Alliance Inc , the Wall Street Journal reported on Tuesday.
* ALBERTSONS PLANS TO BUY REST OF RITE AID CORP THAT ISN'T BEING SOLD TO WALGREENS BOOTS ALLIANCE - WSJ Source text - http://on.wsj.com/2BBe11H Further company coverage: (Bengaluru Newsroom)
Walgreens' potential deal for drug distributor AmerisourceBergen will boost its cash flow and push it deeper into a lucrative speciality pharmacy market, but may fail to keep it competitive in an evolving U.S. healthcare sector, analysts said.
Walgreens' potential deal for drug distributor AmerisourceBergen will boost its cash flow and push it deeper into a lucrative specialty pharmacy market, but may fail to keep it competitive in an evolving U.S. healthcare sector, analysts said.