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Rite Aid (RAD)

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Last Post: 2/25/2018 6:25:46 PM - Followers: 253 - Board type: Free - Posts Today: 1

WARNING:  The share structure appears to be growing by a considerable number of shares.  Do your due diligence and decide if the company is now paying its bills at the expense of shareholders.  Ultimately, any decision to invest is your own, but be aware of the changes to the number of shares available.                                                                                                                                                       

                                                                                   File:Rite Aid at Tanasbourne Village - Hillsboro, Oregon.JPG

                                                                                                                                                                 Rite Aid Corporation
                                                                                                                                                                   30 Hunter Lane
                                                                                                                                                                Camp Hill, PA 17055

Rite Aid Secures Regulatory Clearance to Sell 1,932 Stores and Related Assets for $4.375 Billion to Walgreens Boots Alliance Under Amended


Hart-Scott-Rodino Waiting Period Expires for the Proposed Transaction

Rite Aid to Significantly Reduce Debt and Strengthen Balance Sheet

CAMP HILL, Pa. - Sept. 19, 2017 - Rite Aid Corporation (NYSE: RAD) today announced that it has secured regulatory clearance for an amended and restated asset purchase agreement with Walgreens Boots Alliance, Inc. (Nasdaq: WBA) whereby WBA will purchase 1,932 stores, three distribution centers and related inventory from Rite Aid for an all-cash purchase price of $4.375 billion on a cash-free, debt-free basis. Rite Aid also has the option to purchase generic drugs that are sourced through an affiliate of WBA at a cost substantially equivalent to Walgreens for a period of 10 years. The Hart-Scott-Rodino waiting period expired for the proposed transaction.

Under the amended and restated agreement, Rite Aid will retain approximately 250 additional stores as compared to the prior agreement announced between Rite Aid and WBA in June 2017, resulting in a reduction in the transaction sale price. The decision to retain these stores follows discussions between Rite Aid and WBA, as well as the U.S. Federal Trade Commission ("FTC").

"Securing regulatory clearance provides us with a clear path forward to realize the benefits of this transaction. With a compelling and more profitable store footprint in key markets, enhanced purchasing capabilities and a stronger balance sheet and improved financial flexibility, we are well positioned to implement our plans to deliver improved results," said Rite Aid Chairman and CEO John Standley.

Standley continued, "I am proud of our entire Rite Aid team for their extraordinary efforts during this process and their tremendous dedication to taking great care of our customers and patients. We are committed to supporting a smooth transition as we remain focused on delivering a great customer experience, improving our business and creating value for all of our stakeholders."

The 1,932 stores included in the amended agreement are primarily located in the Northeast and Southern regions of the United States. The three distribution centers are located in Dayville, Conn., Philadelphia and Spartanburg, S.C. Under the terms of the amended agreement, Rite Aid will provide certain transition services to WBA for up to three years after the closing of the transaction.

The transaction has been approved by the Boards of Directors of Rite Aid and WBA and is still subject to other customary conditions. Approval of the transaction does not require a shareholder vote. Rite Aid and WBA expect to transfer ownership of the stores in phases beginning in October 2017, with the goal of completing the transfer of all stores in spring of 2018.

Rite Aid expects to use a substantial majority of the net proceeds from the transaction to repay existing indebtedness which will improve the company's leverage levels. Rite Aid also expects that the gain it will record on the sale of the assets will be largely offset by its net operating loss carryforwards, resulting in a minimal cash tax payment on this transaction.

Immediately following the completion of the transaction, Rite Aid will continue to operate approximately 2,600 stores and six distribution centers as well as EnvisionRx, its pharmacy benefit manager, RediClinic and Health Dialog. The company will leverage the capabilities of these subsidiaries to deliver a higher level of care in the communities it serves.

Rite Aid Corporation is one of the nation's leading drugstore chains that currently operates more than 4,500 stores in 31 states and the District of Columbia with fiscal 2017 annual revenues of $32.8 billion. Information about Rite Aid, including corporate background and press releases, is available through the company's website at




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RAD News: Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) 02/21/2018 11:29:44 AM
RAD News: Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) 02/21/2018 06:04:33 AM
RAD News: Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) 02/20/2018 05:36:21 PM
RAD News: Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) 02/20/2018 05:35:04 PM
RAD News: Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) 02/20/2018 05:35:04 PM
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#8250  Sticky Note $RAD Albertsons Scoops Up Remainder of Rite Aid $Pistol Pete$ 02/20/18 02:42:45 PM
#8375   Let your voice be heard and vote for illegal_alias 02/25/18 06:25:46 PM
#8374   That’s even better since Albertsons need us more $Pistol Pete$ 02/24/18 01:26:31 PM
#8373   Shareholders still have to approve and I don't Gold_Coast 02/24/18 11:56:59 AM
#8372   Any thoughts on buying in on rite aide nate24 02/24/18 10:48:45 AM
#8367   $RAD Safeway owner Albertsons eyes Rite Aid deal $Pistol Pete$ 02/23/18 07:54:31 PM
#8366  Restored What’s about Safeway? $Pistol Pete$ 02/23/18 02:16:46 PM
#8365   I would have until I realized they closed packerfan9 02/23/18 01:15:42 PM
#8363   As I said, I like to become Albertsons $Pistol Pete$ 02/23/18 10:57:36 AM
#8360   Didappointing price for long term holders, Pete. So Spicknspan 02/23/18 08:31:46 AM
#8359   thank you $RAD mick 02/22/18 08:25:50 PM
#8358   $RAD Daily and Weekly Chart http://stockchart $Pistol Pete$ 02/22/18 07:41:27 PM
#8357   $RAD Rite Aid's PBM Becomes More Attractive Under $Pistol Pete$ 02/22/18 05:45:20 PM
#8356   RAD should not have sold since got out packerfan9 02/22/18 05:15:01 PM
#8355   Not be a fan of either option here Prudent Capitalist 02/22/18 05:09:34 PM
#8354   LOL good luck with Albertson taking over you packerfan9 02/22/18 04:49:52 PM
#8353   I'm guilty of posting that but changed my Sirpeter 02/22/18 04:49:08 PM
#8352   Good luck my Friend $Pistol Pete$ 02/22/18 04:33:29 PM
#8351   No. It should be worth a bit more fung_derf 02/22/18 04:29:17 PM
#8349   LOL! That's what we said when the stock fung_derf 02/22/18 04:24:16 PM
#8348   take the all stock option at 1.079 shares packerfan9 02/22/18 04:15:17 PM
#8347   The reason I started following RAD was my Prudent Capitalist 02/22/18 03:11:53 PM
#8346   Thanks now that deal sucks. it is like packerfan9 02/22/18 03:02:12 PM
#8345   Yes Sir $Pistol Pete$ 02/22/18 02:59:49 PM
#8344   It is all good to all Go $RAD $Pistol Pete$ 02/22/18 02:51:47 PM
#8343   Don't thank me. Thank the market. illegal_alias 02/22/18 02:25:30 PM
#8342   The partial cash exchange option is only .183 Prudent Capitalist 02/22/18 01:34:06 PM
#8341   I agree 1.80 cash and still own shares packerfan9 02/22/18 01:22:58 PM
#8340   someone recognized the valuation here $RAD mick 02/22/18 01:18:41 PM
#8339   your dipper looking good/ $RAD mick 02/22/18 01:17:57 PM
#8338   looking good/ Rite Aid Corp. (RAD) mick 02/22/18 01:16:28 PM
#8337   Well....I like to gamble on Albertsons stake later. $Pistol Pete$ 02/22/18 10:54:53 AM
#8336   those institutional holdings don't change the poor metrics Prudent Capitalist 02/22/18 10:43:02 AM
#8335   Looking good today MICK $Pistol Pete$ 02/22/18 10:27:15 AM
#8334   In at 2.06, might rinse and repeat depending Seriousness 02/22/18 10:08:16 AM
#8333   Thanks for $2 per shares early. I love it $Pistol Pete$ 02/22/18 09:52:50 AM
#8332   FRAUD and CLASS ACTION lawsuit ahead. They knew Phaeton 02/22/18 09:44:50 AM
#8331   Thanks, but that is now old news since illegal_alias 02/22/18 08:52:05 AM
#8330   Top - 2.10 Middle -2.06 Bottom-2.00 Buy - 2.05 Sell - Seriousness 02/22/18 01:18:53 AM
#8329   $RAD Institutional Ownership 47.10% $Pistol Pete$ 02/21/18 10:49:47 PM
#8328   That was pre-merger. Means nothing now. billytbone 02/21/18 10:48:55 PM
#8327   $RAD check out this article $Pistol Pete$ 02/21/18 10:46:15 PM
#8326   Requiem for RAD? illegal_alias 02/21/18 08:40:33 PM
#8325   It seems that even if the deal is nate24 02/21/18 08:28:08 PM
#8324   Sell at the current price of 2.03? nate24 02/21/18 08:14:00 PM
#8323   try to sale at that price, this is jablome 02/21/18 06:48:11 PM
#8322   Yeah, it traded up to $2.80 premarket, but illegal_alias 02/21/18 06:23:07 PM
#8321   I saw it on etrade Tuesday but seems packerfan9 02/21/18 05:04:37 PM
#8320   They will likely be worth a bit more Prudent Capitalist 02/21/18 04:55:21 PM
#8319   If I have shares at 2.15 should I nate24 02/21/18 04:37:24 PM
#8318   * * $RAD Video Chart 02-21-18 * * ClayTrader 02/21/18 04:37:11 PM