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Rite Aid Restructuring: CEO, CFO Out Along With 400 Full-Time Jobs
Wednesday, March 13, 2019 - 9:29am | 421Struggling 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...
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Rite Aid, Albertsons Cave To Opposition, Cancel Merger
Thursday, August 9, 2018 - 7:57am | 698Ahead 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...
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Rite Aid To Sell Half Its Stores To Walgreens
Thursday, June 29, 2017 - 8:04am | 443Shares 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...
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Walgreens–Rite Aid Deal In Its Final Act
Thursday, June 15, 2017 - 2:31pm | 1359A 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...
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Rite Aid's Q4 Sales Surge 24%, Bottom Line Beats
Thursday, April 7, 2016 - 9:15am | 322Rite Aid Corporation (NYSE: RAD) reported its fourth-quarter results early Thursday morning. The company said that it earned $0.07 per share on revenue of $8.3 billion. Analysts were expecting the company to earn $0.06 per share on revenue of $8.4 billion. Shares of Rite Aid were unchanged, as the...
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Rite Aid Reports In-Line First Quarter, Guides Lower Than Forecasts, Shares Dip (RAD)
Thursday, June 20, 2013 - 8:26am | 367Pharmacy 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...