Insight ReportWalgreens Continues to Believe Rite Aid Acquisition Will Close; Plans to Divest Incremental Stores Coresight Research September 9, 2016 Executive Summary Walgreens expects to divest more than 500, but less than 1,000 stores in order to address antitrust concerns raised in conversations with the Federal Trade Commission (FTC) regarding the Ride Aid acquisition. Walgreens continues to believe the deal will close in the second half of 2016. Conversations with the FTC appear to be ongoing. Management expects the acquisition of Ride Aid will add to company’s adjusted earnings per share in the first full year after the transaction closes. Synergies will be more than $1 billion primarily from operational activities such as procurement and cost savings. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: US Retail Sales Outlook: Our Retail Growth Outlook Score Strengthens, SlightlyHead-to-Head in Global Discount Grocery Retailing: Aldi vs. LidlAnalyst Corner: Are You Ready for the Future of Physical Retail? Three Trends in US Retail Real Estate, with Anand KumarWeekly US Store Openings and Closures Tracker 2025, Week 40: Toys“R”Us Continues To Expand
