August 25, 2018 by Chain Drug Review
Albertsons-Rite Aid merger
Issue 08-27-2018
CAMP HILL, Pa. — The scuttling of Rite Aid Corp.’s acquisition by Albertsons Cos. leaves the chain drug landscape basically unchanged, except that the No. 3 player now faces mounting challenges. In the face of increasingly vocal opposition from major Rite Aid institutional stockholders and two thumbs-down evaluations from leading investors’ advisory services, the two
August 8, 2018 by Chain Drug Review
Albertsons Cos., Albertsons-Rite Aid merger, John Standley, Rite Aid Corp.
Business, Featured Articles, Leading Headlines, Retail News
CAMP HILL, Pa. – Rite Aid Corp. announced that it has mutually agreed with Albertsons Cos. to terminate their previously announced merger agreement. “While we believed in the merits of the combination with Albertsons, we have heard the views expressed by our stockholders and are committed to moving forward and executing our strategic plan as
August 6, 2018 by Chain Drug Review
Albertsons Cos., Albertsons-Rite Aid merger, Rite Aid Corp.
News
CAMP HILL, Pa. and BOISE, Idaho – Rite Aid Corp. and Albertsons Cos. announced that, in connection with the pending merger between Albertsons and Rite Aid, the election deadline for holders of shares of Rite Aid common stock, former service providers that are holders of Rite Aid restricted stock units and holders of Rite Aid
July 24, 2018 by Chain Drug Review
Albertsons Cos., Albertsons-Rite Aid merger, Rite Aid
Business, Leading Headlines, Retail News
CAMP HILL, Pa. – Rite Aid Corp. has sent a letter to shareholders in connection with its proposed merger with Albertsons Cos., Inc. The letter answers certain frequently asked questions from investors and outlines key reasons the Rite Aid Board and management team believe the proposed merger is in the best interest of shareholders, and
July 16, 2018 by Chain Drug Review
Albertsons Cos., Albertsons-Rite Aid merger, Jim Donald
Leading Headlines, Retail News
BOISE, Idaho — Albertsons Cos. reported a sales increase of 1%, to $18.7 billion, during the 16-week fiscal first quarter ended June 16. The company attributed the $193.4 million increase in sales mainly to higher fuel sales (up $154.1 million). Same store sales for the quarter were up 0.2%. Gross profit margin increased to 27.7%
June 27, 2018 by Chain Drug Review
Albertsons, Albertsons-Rite Aid merger, John Standley, Kermit Crawford, Rite Aid
Business, Featured Articles, Leading Headlines, Retail News
CAMP HILL, Pa. — Ahead of the August 9 shareholders vote on the proposed merger with Albertsons, Rite Aid Corp. reported operating results for its first fiscal quarter ended June 2, 2018. For the first quarter, the company reported net loss from continuing operations of $41.7 million, or $0.04 per share, Adjusted net loss from
June 26, 2018 by Chain Drug Review
Albertsons-Rite Aid merger, Rite Aid Corp.
Business, Leading Headlines, Retail News
CAMP HILL, Pa. — Rite Aid Corp. today announced that the registration statement on Form S-4, in connection with its proposed merger with Albertsons Cos., has been declared effective by the U.S. Securities and Exchange Commission (SEC). In connection with the definitive proxy statement/prospectus, Rite Aid issued a letter to shareholders detailing the merits of
June 21, 2018 by Chain Drug Review
Albertsons-Rite Aid merger, Rite Aid
Business, Leading Headlines, Retail News
CAMP HILL, Pa. — Rite Aid Corporation has established a meeting date of August 9, for a special meeting of stockholders of record as of June 22, 2018 to, among other things, consider and vote on a proposal to approve the previously announced Agreement and Plan of Merger, dated as of February 18, 2018, with Albertsons Cos.
June 4, 2018 by Chain Drug Review
Albertsons-Rite Aid merger
Issue 06-04-2018
BOISE, Idaho — Albertsons Cos. and Rite Aid Corp. hosted a joint analyst event last month to discuss the strategic and financial benefits of the proposed merger transaction between the two companies. Announced in late February, the merger will join the nation’s second-largest supermarket operator with its third-largest drug chain. The combined company will generate
May 15, 2018 by Chain Drug Review
Albertsons, Albertsons-Rite Aid, Albertsons-Rite Aid merger, Rite Aid
Featured Articles, Pharmacy, Retail News, Uncategorized
BOISE, Idaho — Albertsons Cos. and Rite Aid Corp. on Tuesday hosted a joint analyst event to discuss the strategic and financial benefits of the proposed merger transaction between the two companies. Announced in late February, the merger will join the nation’s second-largest supermarket operator with its third-largest drug chain. Overall, the company will generate
April 23, 2018 by Chain Drug Review
Albertsons, Albertsons-Rite Aid, Albertsons-Rite Aid merger
Issue 04-23-2018, News
BOISE, Idaho — Albertsons Cos. has withdrawn its plan for an initial public offering. In its filing with the Securities and Exchange Commission, Albertsons noted that the registration statement for the offering was originally filed by the company on July 8, 2015, and was most recently amended on November 8, 2017. Albertsons said in its
April 12, 2018 by Bill Schiffner
Albertsons-Rite Aid merger, John Standley, Kermit Crawford, Rite Aid
Business, Featured Articles, Leading Headlines, Retail News
CAMP HILL, Pa. — Rite Aid Corp. on Thursday reported net income of $767.1 million, or 73 cents per diluted share, for the fourth quarter ended March 3. The company showed a net loss from continuing operations of $483.7 million, or 46 cents per diluted share, for the quarter. Adjusted net loss from continuing operations
March 19, 2018 by Geoff Walden and Chain Drug Review
Albertsons Cos., Albertsons-Rite Aid merger, Bob Miller, Diana Sheehan, John Standley, Kantar Consulting, Kermit Crawford, Rite Aid
2018, Issue 03-19-2018, Issues, News
CAMP HILL, Pa. — The merger of Albertsons Cos. and Rite Aid Corp. will create a “truly differentiated” player in the food, health and wellness space, John Standley, chairman and chief executive officer of Rite Aid, said when the deal was announced late last month. The proposed merger will transform Rite Aid through the addition
February 20, 2018 by Jeffrey Woldt, Geoff Walden and Chain Drug Review
Albertsons Cos., Albertsons-Rite Aid merger, Bob Miller, John Standley, Kermit Crawford, Rite Aid
Business, Featured Articles, Leading Headlines, Retail News
CAMP HILL, Pa. — The Albertsons Cos. merger with Rite Aid Corp. will create a “truly differentiated” player in the food, health and wellness space, John Standley, chairman and chief executive officer of Rite Aid, said in an interview with Chain Drug Review. The Albertsons-Rite Aid merger deal, announced Tuesday, will transform Rite Aid through