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The chain has already shed about a thousand U.S. stores since it grew to nearly 9,500 after buying some Rite Aid locations in 2018. Walgreens tops Wall Street's expectations as drugstore chain ...
Many of those soon-to-be-closed locations are presumably part of the 1,932 Rite Aid stores Walgreens bought in 2018 in a $5.2 billion consolation prize deal after failing to buy its smaller rival ...
On October 19, competitor Walgreens agreed to pay $192.5 million in an effort to settle a lawsuit from Rite Aid investors accusing them that their executives misled them about their bid to acquire Rite Aid back in 2017. [74] On November 16, Rite Aid sued the United States Department of Justice in an effort to block an opioid lawsuit that ...
Walgreens lists some of its pharmacies as closed on New Year's Day, except for 24-hour locations and other select pharmacies. The retail portion of Walgreens locations will be open regular hours.
In late 2023, Rite Aid announced the closure of 53 more locations. [250] Going into 2024, Rite Aid announced that it would close an additional 77 locations. [251] 53 more stores were added to the closing list in April 2024. [252] Additional closures continued, nearly fully eradicating the pharmacy's presence in Michigan and Ohio. [253]
Investors have been avoiding drug store chain Rite Aid (NYSE:RAD) for years. Rite Aid stock was at its heights in 1999 when it started the year at over $1,018. With the current RAD stock price at ...
The stock has lost 85% of its value in the past decade and finds itself trading at the same level as it did back in 1996. Walgreens stock hit an all-time high of $96.68 back in August 2015, but it ...
A spokesperson for Walgreens declined to comment. David Knotts, an attorney for the shareholders, said the case was "intensely fought." Walgreens to settle Rite Aid investors' merger claims for ...