Fred’s same-stores sales dip in 3Q, but asset transfer deal with Walgreens is nearly complete
Walgreens announced in September that it had acquired pharmacy files from 185 Fred’s locations for $165 million
Company
Walgreens Boots Alliance Inc
NASDAQ:WBA
Walgreens Boots Alliance Inc is an integrated healthcare, pharmacy and retail leader serving millions of customers and patients every day, with a 170-year heritage of caring for communities. A trusted, global innovator in retail pharmacy with more than 12,500 locations across the U.S., Europe and Latin America, WBA plays a critical role in the healthcare ecosystem.
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Hardware & electrical equipment
IPO Roundup: Search software company Elastic to raise US$100mln as competition with Amazon heats up
The California-based company’s Elasticsearch open-source software is used by customers like Uber, Walgreens, Adobe Systems, Merck and Sprint
Carl Icahn urges Cigna shareholders to vote against ‘ridiculous’ Cigna-Express Scripts deal
The activist investor sent a rousing open letter exhorting Cigna shareholders to vote against the US$54bn planned buyout of the St Louis pharmacy-benefit manager
How e-commerce is killing a ‘white glove’ store full of fun gizmos and gadgets like Brookstone
Customers will have to catch a flight to drop into Brookstone as its shutting down 101 mall stores, while keeping just 35 stores open in airports
Wall Street poised for mixed start to trading week as Brexit turmoil continues; Trump/Putin meet
President Trump is meeting President Putin and crude oil (West Texas Intermediate) is under pressure
Walgreens 3Q earnings beat on revenue surge; announces US$10bn buyback
The drugstore chain is also raising its dividend by 10%
Black Rock, Netflix, Rite Aid and more - PRE-MARKET
Proactive takes a look at some company news in pre-market deals in New York
Wall Street shares finish higher on last trading day of quarter
Facebook shares bounce back 4.4% after a tough week
Walgreens shares rise as it reports higher profits and raises guidance
Revenue jumped to US$33.02bn from US$29.45bn the previous year
Albertsons to buy the rest of Rite Aid that isn't going to Walgreens
Albertson and Rite Aid are together valued at around US$24bn, including debt
Rite Aid, Home Depot, Walmart and Domino's Pizza - PRE-MARKET
Proactive takes a look at the market ahead of the New York bell
Walgreens tipped to acquire AmerisourceBergen in US$20bn deal
Walgreens stock was down 1.65% whereas AmerisourceBergen climbed 13.5% in premarket deals
Investments and investor services
US stocks close higher, buoyed by some heavyweights but market remains cautious ahead of key CPI data
The Dow Jones closed up 0.16% or 39.18 points to 24,640.45 - for a third straight session
Archive
Monsanto Company, AMD, Intel Corp and Walgreens Boots Alliance - PRE-MARKET
A look at what's moving the dial in New York before the opening bell
Walgreens Boots Alliance shares dip premarket after first quarter earnings top market estimates
Chief executive Stefano Pessina said the company’s earnings were driven by continued prescription volume and market share growth in retail pharmacy in the US
Rhinomed attracts funding to accelerate growth of its anti-snoring device
One in four people suffer from some form of nasal obstruction.
Walgreens Boots Alliance gets regulatory green light for amended US$4.4bn Rite Aid deal
The pharmacy chain has been given amended clearance from the Federal Trade Commission to go ahead with a partial takeover of its rival
Fred's Inc caught in the fall-out from the collapse of the Walgreens Rite-Aid deal
Fred's had been in line to buy a parcel of Rite Aid stores as Walgreens sought to circumvent monopoly concerns
Right there Fred’s! Drug store stock slumps as Walgreen busts expansion plans
Walgreens redrawn deal with Rite Aid means the side-deal for Fred's to pick up 865 Rite Aid stores is now off.
Walgreens Boots Alliance US$9.4bn Rite Aid deal collapses; outlines new, scaled down plans
Revenues, meanwhile, were around US$400mln ahead of analysts’ median estimates at US$30.1bn