John Standley

Struggling drugstore Rite Aid Corporation (NYSE: RAD) announced Tuesday afternoon an organizational restructuring and leadership change which prompted a lift in stock price. What Happened Rite Aid said it will take action to reduce managerial layers and consolidate roles across the company. This...

Ahead of Thursday’s scheduled shareholder vote, Rite Aid Corporation (NYSE: RAD) and Albertsons Companies mutually agreed to terminate their widely opposed, $24 billion merger. "While we believed in the merits of the combination with Albertsons, we have heard the views expressed by our...

Shares of Rite Aid Corporation (NYSE: RAD) lost nearly 20 percent Thursday morning after the retail drugstore chain confirmed a finalized asset purchase agreement with rival Walgreens Boots Alliance Inc (NASDAQ: WBA). Walgreens has attempted to acquire the entirety of Rite Aid since 2015, but...

A deal announced over 1.5 years ago still hangs in the balance. Whether the deal clears the regulatory hurdle has become a heated debate in itself. With the passing of each day, pessimism is abounding, with the scuttling of a few mega healthcare deals throwing in the possibility of the...

Pharmacy chain Rite Aid (NYSE: RAD) reported first quarter results that were roughly in line with expectations on both the top and bottom lines. Shares slipped though as the company announced full year earnings per share guidance that was slightly below analyst forecasts. In Line First Quarter...