Walgreens Boots Alliance generated a solid first quarter while launching a cost management program that will look to save more than $1 billion.
Rite Aid has sent a letter to shareholders urging their support for the pending Albertsons merger at the company’s upcoming special meeting.
As it advances its merger with Rite Aid, Albertsons posted a first quarter net loss of $17.7 million versus a net loss of $204.9 million in the year-prior period.
As Rite Aid prepares for its pending merger with supermarket operator Albertsons, the drug store chain posted a net loss in the first quarter.
Rite Aid Corp. has transferred 1,114 stores and related assets to Walgreens Boots Alliance and has received cash proceeds of $2.42 billion.