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Walgreens Boots Alliance, Inc. stock price
Walgreens Boots Alliance, Inc. latest news:
Wal-Mart, Walgreens, CVS turn up the heat on generic drugmaker deals
(Reuters) - The largest U.S. retail pharmacies, including Wal-Mart Stores Inc and Walgreens Boots Alliance Inc , are wielding more leverage when buying generic drugs, accelerating a decline in prices likely to affect drug companies for some time, industry experts said on Thursday.
Walgreens to bring nearly 500 jobs to Chandler, Arizona as it relocates Tempe support center
Walgreens Boots Alliance Inc. said Tuesday it is bringing nearly 500 jobs to Chandler, Arizona, as it relocates its Tempe pharmacy operations support center. The company will keep that facility open as a pharmacy mail services support facility to support expected future growth, it said in a statement. The drug store chain said 191 of the new jobs will meet or exceed the Maricopa County 2017 median wage. The company is moving 300 current positions from the Tempe facility to the new center, which will be 60,000 square feet. Jobs include pharmacists, pharmacy technicians and call center agents. Walgreens stock was up 0.7% Tuesday, but has fallen 3% in 2017, while the S&P 500 has gained 10%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Walgreens scraps Rite Aid merger, will instead buy half its stores
(Reuters) - Drugstore chain Walgreens Boots Alliance Inc scrapped its deal to buy Rite Aid Corp after failing to win antitrust approval, but said it would instead buy nearly half of the smaller rival's U.S. stores for $5.18 billion.
Walgreens Boots Alliance scraps plans to buy Rite Aid
Walgreens Boots Alliance says it will buy more than 2,000 Rite Aid stores instead.
Fred's stock plunges after deal to buy some Rite Aid stores was terminated
Shares of Fred's Inc. plunged 27% in premarket trade Thursday, after the agreement to buy 865 Rite Aid Corp. was terminated. The agreement was originally announced on Dec. 20, 2016. The termination comes after Rite Aid agreed to sell 2,186 stores to Walgreens Boots Alliance Inc. , which also terminates the companies' merger agreement. Fred's said it will receive a $25 million termination fee. "This is a disappointing outcome; however, the termination of the transaction has no impact on the Company's transformation strategy or our ability to execute," said Chief Executive Michael Bloom. The pharmacy and general merchandise chain's stock selloff puts it on track to open at the lowest level seen since Nov. 16, 2016. The stock had tumbled 34% year to date through Wednesday, while the S&P 500 had gained 9.0%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
UPDATE 1-FTC staff to advise blocking Walgreens deal to buy Rite Aid -Capitol Forum
June 9 (Reuters) - The Federal Trade Commission's staff is
prepared to recommend that the agency sue to stop Walgreens
Boots Alliance Inc from buying rival drugstore chain
Rite Aid Corp, policy news company Capitol Forum
reported on Friday.
FTC to advise blocking Walgreens deal to buy Rite Aid - CNBC
June 9 (Reuters) - Regulatory authorities are set to advise
blocking U.S. drugstore chain Walgreens Boots Alliance Inc's
deal to buy smaller rival Rite Aid Corp, CNBC
reported on Friday, citing a report.
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