Insight Report 2 minutes PremiumWalgreens 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: Sentiment; Tariff Perceptions; Inflation Reactions—Taking the Consumer Pulse on Essentials: US Consumer Survey InsightsWeekly US and UK Store Openings and Closures Tracker 2025, Week 5: Apparel, Convenience and Food Retailers Announce Store Expansion PlansUS Store Tracker Extra, January 2025: 50+ Million Square Feet of Retail Space Slated To Close This YearEarnings Insights 4Q24, Week 4: Birkenstock, Hermès, Sprouts and More Post Double-Digit Growth—Infographic
