All Posts Tagged With: "Rite Aid"

Walgreens Drops Bid for Rite Aid, Will Buy Stores

Walgreens Boots Alliance has ended its bid to takeover Rite Aid Corp, and will instead buy a smaller part of its rival’s drugstore chain, as the original deal was blocked due to antitrust problems in the U.S. The new deal will end a saga that has dragged on over 18 months as the two companies […]

Walgreens Beats 2Q Estimates With Cost Cutting (WBA.O)

Walgreens Boots Alliance Inc. reported a better-than-expected quarterly profit for the second quarter of fiscal year 2016. Net income fell to $930 million, or 85 cents per share, in the quarter, from $2.04 billion, or $1.93 per share, a year earlier. However, the year-ago quarter included a non-cash gain of $814 million. Adjusted earnings per […]