RiteAid

  • The future of Rite Aid could be unclear

    Rite Aid is abandoning its merger with supermarket giant Albertsons after facing opposition from certain investors and advisors, further clouding the ailing drugstore giant’s future. As its two biggest rivals, CVS and Walgreens, keep getting bigger and more diversified, Rite Aid was hoping to do the same by arranging a tie-up...
  • Walgreens reportedly to close 600 stores

    Walgreens plans to close about 600 drugstores as it completes a $4.38 billion deal to buy nearly 2,000 from rival Rite Aid. Company spokesman Michael Polzin said Wednesday that most of the closings will be Rite Aid stores, and the vast majority will be within a mile of another...
  • Rite Aid Crashes

    Summary In this article, I decided to look at the fallout associated with Rite Aid’s merger agreement with Walgreens being terminated. Shares tanked in response to this but there are a lot of details to comb over to get a full picture of it all. The company’s asset sale...
  • Walgreen no longer looking to buy Rite Aid

      Walgreens Boots Alliance abandoned its deal to acquire drugstore chain Rite Aid and will instead buy nearly half of its smaller rival’s stores after U.S. regulators raised anti-trust concerns about the original plan. The long-suffering deal’s implosion preserves the three largest drugstore chains as independent entities, but the new agreement will still...