Deerfield, Ill., and Camp Hill, Pa. — Walgreens Boots Alliance, Inc. and Rite Aid Corporation have agreed to sell 865 Rite Aid stores and certain assets related to store operations to Fred’s, Inc. for $950 million. The all-cash transaction is subject to Federal Trade Commission (FTC) approval, the approval and completion of the pending acquisition of Rite Aid by Walgreens Boots Alliance, and other customary closing conditions. The agreement is being entered into to respond to concerns identified by the FTC in its review of the proposed acquisition of Rite Aid by Walgreens Boots Alliance, which was announced in October 2015. Walgreens Boots Alliance is actively engaged in discussions with the FTC regarding the transaction and is working toward a close of the Rite Aid acquisition in early 2017. The proposed divestiture transaction, if approved, would establish Fred’s Pharmacy as one of the largest drugstore chains in the United States with significant presence in areas such as the South and on the East and West coasts.

Specific locations of the stores to be divested will be announced upon FTC approval of the Walgreens Boots Alliance and Rite Aid merger. Under the terms of the purchase agreement, Fred’s Pharmacy would acquire 865 Rite Aid stores and certain assets related to store operations, and expects to continue to employ all store associates and certain field and regional associates related to the operations of the acquired stores upon completion of the divestiture. Fred’s Pharmacy would continue to operate the acquired stores under the Rite Aid banner during a transition period. If the FTC requires divestiture of more than the 865 Rite Aid stores currently contemplated by the purchase agreement and Walgreens Boots Alliance agrees to sell such stores, the purchase agreement requires Fred’s to purchase such additional stores. “We are pleased to have found an experienced pharmacy operator for these stores,” says Stefano Pessina, executive vice chairman and CEO of Walgreens Boots Alliance.

“With this agreement, we are moving ahead with important work necessary to obtain approval of our acquisition of Rite Aid.” BofA Merrill Lynch acted as Walgreens Boots Alliance’s financial adviser, with Sidley Austin LLP acting as its legal counsel on transaction legal matters and Weil, Gotshal & Manges LLP acting as its legal counsel on antitrust regulatory matters. Citi acted as Rite Aid’s exclusive financial adviser, with Skadden, Arps, Slate, Meagher & Flom LLP acting as Rite Aid Corporation’s legal counsel on transaction legal matters and Jones Day acting as its legal counsel on antitrust regulatory matters. Walgreens Boots Alliance is the first global pharmacy-led, health and wellbeing enterprise. The company, which was created through the combination of Walgreens and Alliance Boots in December 2014, is a global leader in pharmacy-led, health and well-being retail and has more than 13,200 stores in 11 countries. The company’s portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as health and beauty product brands, such as No7, Botanics, Liz Earle and Soap & Glory.

Rite Aid Corporation is one of the nation's leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2016 annual revenues of $30.7 billion. black windsor chairs walmart SOURCE: Walgreens Boots Allianceoutdoor swing chair costcoJanice Dickinson -- Sues Rite Aid Over Head Shot in Parking Garagetiffany chair rental melbourne 11/7/2013 6:10 PM PSTtable and chair rental howell mi Janice Dickinson got blasted in the head by a closing parking garage gate, allegedly, and now she's suing Rite Aid over her injuries ... bean bag chairs brisbane

In her legal docs ... Janice says she was on Canon Drive in Bev Hills back in July ... when she was smashed in the cabeza by the steel barrier of the parking lot adjacent to Rite Aid.bean bag chairs vancouver bc She is claiming the drug store giant was negligent by failing to "adequately inspect, maintain and/or control the premises."chair and a half sleeper ikea Translation: bad upkeep on their equipment made Janice fall and go boom.vintage office chair canberra In the lawsuit, Janice isn't specific, but says she suffered serious physical and emotional injuries. mesh office chair 300 lbsAs TMZ first reported ...

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