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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: US Apparel and Beauty Spending Tracker, October 2023: Clothing and Footwear Spending Up Low Single-Digits; Beauty Spending Growth Remains ResilientData Drop: US Retail—Number of Stores, Firms and EmployeesThe Coresight Research CORE Framework for Generative AI in RetailThree Data Points We’re Watching This Week
