Hints and tips:
...Walgreens and Rite Aid are down 56 per cent and 86 per cent respectively. CVS did not quantify the potential cost cuts....
...Walgreens Boots Alliance fell more than 9 per cent by afternoon trading on Tuesday, while CVS Health, the largest pharmacy operator in the US, dropped 9 per cent and Rite Aid shed more than 16 per cent....
...The results come as Rite Aid faces a change in leadership....
...Rite Aid had already announced that it will remove e-cigarettes and vaping products chain-wide. The changes will go into effect across all Rite Aid stores within 90 days, it said....
...“We will be focused on recruiting a leader that will best position Rite Aid to create long-term value for shareholders.” Rite Aid has been hit by a series of setbacks in recent years....
...The last time a resolution passed for an independent chair at an S&P 500 company was in 2018, when 58 per cent of investors backed the motion at Rite Aid Corp....
...The Teamsters represents some Rite Aid workers and its associated pension funds that hold about 500,000 shares in the company. Rite Aid did not immediately respond to Teamsters’ criticism....
...Rite Aid shares rose 2.3 per cent in pre-market trading....
...Shares in Rite Aid also tumbled 10 per cent. As a standalone company, Rite Aid was “highly leveraged”, said Andrew Wolf, analyst at Loop Capital....
...Contrast that with the outcome in the merger of retailers, Albertsons and Rite Aid. That transaction collapsed before a shareholder vote....
...The deal offers Rite Aid stockholders the option of one share of Albertsons and $1.83 in cash for every 10 shares of Rite Aid they hold, or 1.079 shares of Albertsons stock for each 10 Rite Aid shares they...
...Rite Aid is emerging from a rocky 2017, in which its shares fell 76 per cent just as its Walgreens deal was starting to hit the rocks....
...Aid....
...That proportion seems generous to Rite Aid given its operating profit is only just a fifth of the pro forma total. Rite Aid shares barely responded....
...Following the report from CNBC, drugstore chains performed thus: • Walgreens Boots Alliance was up 5.5 per cent • CVS was up 6.9 per cent • Rite Aid was up 5.95 per cent Among pharmaceutical wholesalers...
...Greenlight was hurt by its positions in Rite Aid, which it called “one of our worst investments of 2017.” The fund also lost money on a short positions including in Deere & Co and Caterpillar....
...(FT) Let’s call the whole thing off Albertsons and Rite Aid have called off their multibillion-dollar merger — just hours before a stockholder vote on the deal....
...Rite Aid shares are down more than 70 per cent so far this year....
...Shares in Rite Aid jumped more than 29 per cent to $4.02 on speculation Walgreens Boots Alliance would gain approval in its bid to takeover the US pharmacy chain....
...Shares of US drug-store chain Rite Aid tumbled as much as 17 per cent on Friday on the latest report that regulators are moving closer to lodging a legal objection to its proposed tie-up with rival Walgreens...
Shares in health insurance group rise on takeover reports sending valuation to $60bn
...The rumour mill is once again spinning on the proposed tie-up between drugstore chains Rite Aid and Walgreens Boots Alliance....
...Rite Aid shares dropped nearly 5 per cent to $1.98, shares in CVS Health declined 3.9 per cent to $77.74, shares in Walgreens dropped 4 per cent to $73.91 and Express Scripts shares slid 2.3 per cent to...
...Rite Aid dropped 26.5 per cent, while Walgreens shares rose 1.7 per cent....
...Aid — since the start of 2017....
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