Walgreens Boots Alliance, Inc. stock price

Walgreens Boots Alliance, Inc. latest news:


  • 11/14/2017 11:41:09

    Amazon homing in on medical devices/supplies, not pharma: Jefferies

    The possibility of online retailer Amazon.com Inc. entering the pharmaceutical industry has sent the stocks of drug distributors and pharmacy-benefit managers quaking in recent months, but a new report from Jefferies analysts suggests that Amazon is instead homing for the medical devices and supplies industries. Correspondence between two state pharmacy boards and Amazon reveals that those state licenses can only be used for medical device and supplies distribution, the Jefferies report said, based on information that was obtained through a Freedom of Information Act request. This direction was likely chosen to avoid "the more comprehensive regulatory requirements associated with the Wholesale Drug Distribution Act," Jefferies analyst Brian Tanquilut said. That has created an overhang on stocks like AmerisourceBergen Corp. , Cardinal Health Inc. , McKesson Corp. , Express Scripts Holding Co. , CVS Health Corp. and Walgreens Boots Alliance Inc. ; "Unfortunately, we believe only time will refute these investor concerns," he said. Amazon shares have surged 15% over the last three months, compared with a 4.5% rise in the S&P 500 and a 6.6% rise in the Dow Jones Industrial Average .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/26/2017 13:04:42

    Drug stocks drop after report that Amazon has obtained pharmacy licenses

    The stocks of companies in the pharmaceutical supply chain dropped in Thursday afternoon trade after a report by the St. Louis Post-Dispatch that online retailer Amazon has obtained approval to become a wholesale distributor in a number of states. Amazon has received approval in at least 12 states, the St. Louis Post-Dispatch reported. Speculation about an Amazon pharmacy entry has swirled since a CNBC report on the subject earlier this year, but Amazon has repeatedly declined to comment on or confirm any interest in pharmacy. Such a move would likely threaten a number of industry players, including drug wholesalers, pharmacy chains and pharmacy-benefit managers, middlemen that negotiate drug prices. Rite Aid Corp. shares dropped 5.6% in Thursday afternoon trade, CVS Health Corp. shares dropped 4.8%, Express Scripts Holding Company shares dropped 3.5%, McKesson Corp. shares dropped 3.4%, AmerisourceBergen Corp. shares dropped 4.4%, Walgreens Boots Alliance shares dropped 3.7% and Cardinal Health Inc. shares dropped 2.5%, compared with a 0.2% rise in the S&P 500 . Many of the stocks have plunged in the last several months on concerns about Amazon. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/25/2017 09:47:16

    UPDATE 2-Walgreens beats profit estimates as new contracts provide boost

    Oct 25 (Reuters) - U.S. drugstore chain Walgreens Boots Alliance Inc's quarterly profit and revenue beat Wall Street estimates, as the company filled millions of more drug prescriptions thanks to newly won contracts from pharmacy benefit managers.

  • 10/25/2017 09:17:01

    Walgreens shares rise 3.3% on Q4 profit, revenue beats

    Walgreens Boots Alliance Inc.(WBA) shares rose 3.3% in premarket trade Wednesday after the company reported fourth- quarter profit and revenue beats. Earnings for the latest quarter fell to $802 million, or 76 cents per share, from$ 1.03 billion, or 95 cents per share in the year-earlier period. Adjusted earnings-per-share were $1.31, above the FactSet consensus of $1.21.

  • 09/20/2017 18:22:32

    Walgreens is taking over 1,900 Rite Aids

    Walgreens Boots Alliance agreed to buy about 250 fewer stores from Rite Aid than it had previously planned.        

  • 09/19/2017 13:57:04

    Walgreens is taking over some of your Rite Aid locations

    Walgreens Boots Alliance agreed to buy about 250 fewer stores from Rite Aid than it had previously planned.        

  • 09/19/2017 13:56:09

    Walgreens to revise rite aid deal

    Walgreens Boots Alliance is set to revise its agreement to buy some Rite Aid stores to resolve outstanding antitrust concerns, according to Bloomberg. Roselle Chen reports. Video provided by Reuters        

  • 09/19/2017 09:36:42

    Walgreens gets regulatory nod for slimmed-down Rite Aid deal

    (Reuters) - U.S. antitrust regulators have allowed a slimmed-down deal for drugstore chain Walgreens Boots Alliance Inc to buy about 42 percent of Rite Aid Corp's U.S. stores for $4.38 billion, Walgreens said on Tuesday.

  • 09/19/2017 06:21:47

    Walgreens cleared to purchase 1,900-plus Rite Aid stores and more for $4.4 billion

    Walgreens Boots Alliance Inc. said Tuesday that it has gotten regulatory approval to purchase Rite Aid Corp. assets including 1,932 stores, three distribution centers and related inventory for $4.375 billion in cash. This deal updates the terms of the June 2017 agreement, which was a $5.175 billion deal for 2,186 stores. Store purchases are expected to start in October and complete in spring 2018, and will focus primarily on the northeast and southern U.S. The three distribution centers, which won't begin their transition for at least a year, are in Dayville, Conn., Philadelphia, and Spartanburg, S.C. Walgreens will assume certain limited-store liabilities in the transaction, the related leases and give Rite Aid the option to become a member of the Walgreens Boots Alliance's group purchasing organization, which Rite Aid can exercise through May 2019. After the stores are acquired, they are expected to be converted to the Walgreens brand. The deal is not expected to impact adjusted earnings per share in the fiscal year ending August 2018. The company expects synergies of more than $300 million, fully realized within four years of the initial closing. Walgreens shares are unchanged in premarket trading and up 2.2% for the past year. Rite Aid shares are up 2.2% in premarket trading, but down 66% for the last year. And the S&P 500 index is up 17.1% for the past 12 months. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/30/2017 14:40:09

    BRIEF-Walgreens Boots Alliance enters into revolving credit agreement​

    * Walgreens Boots Alliance Inc - ‍on August 24 co entered into a revolving credit agreement​

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