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Walgreens is committed to selling its U.K. Boots pharmacy in 2022. Cash proceeds from the sale could pay down debt and/or be used to accelerate the U.S. store makeover effort into a higher-margin health and wellness business. Wall Street remains skeptical of a turnaround in retail...
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Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week or the Seeking Alpha earnings calendar for companies due to report. Mond...
Update 10:52am: Adds Spear Point comments from Twitter spaces. Spear Point Capital, the investor whose bid for drugstore chain Rite Aid (NYSE:RAD) was rejected, plans to take his case to investors on Thursday. "I'm going to give the company an opportunity to reengage," Spear Point co-founder ...
Spear Point Capital, the investor whose bid for drugstore chain Rite Aid (NYSE:RAD) was rejected, plans to take his case to investors on Thursday. "I'm going to give the company an opportunity to reengage," Spear Point co-founder Ron Bienvenu told Seeking Alpha in an interview earlier this we...
With a prescription from their healthcare provider, Rite Aid customers have increased access to Paxlovid and Molnupiravir Rite Aid (NYSE: RAD) today announced that nearly 98% of its retail pharmacies across the 17 states it serves now offers FDA-authorized COVID-19 oral anti...
If the pharmacy chain Rite Aid (NYSE: RAD) could fill a prescription for higher profits, investors might not be bailing out of the stock in droves. Since April of 2018, the company's share price has cratered by more than 90%, falling by nearly 50% so far this year. Worse yet, th...
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips This article is excerpted from Tom Yeung’s Moonshot Investor newsletter. To make sure you don’t miss any of Tom’s potential 100x picks, subscribe to his mailing list here . The Fed Is O...
Analyst predictions can weigh heavily on a stock's performance. But when someone goes so far as to suggest that a business may be in danger of going under, all investors should be careful to take a second look. This month, George Hill of Deutsche Bank (NYSE: DB) downgraded pharmacy ...
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Secures Interim Approval to Access Up to $3.45 Billion in Debtor-in-Possession Financing Continues to Serve Customers and Deliver Healthcare Products and Services Across Retail and Online Platforms Rite Aid Corporation (OTC: RADCQ) (“Rite Aid” or the “Compan...
Stein Succeeds Elizabeth “Busy” Burr Rite Aid Corporation (NYSE: RAD) (“Rite Aid” or the “Company”) today announced that its Board of Directors has appointed Jeffrey S. Stein as Chief Executive Officer (CEO), Chief Restructuring Officer (CRO) an...
Reaches Agreement in Principle with Key Creditors on the Terms of Financial Restructuring Plan Initiates Voluntary Chapter 11 Process to Implement a Consensual Financial Restructuring That Will Significantly Reduce Debt and Enable Execution of Key Initiatives Receives Commitment f...