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  • Walgreens, which offered to buy Rite Aid for $9.4 billion in October, said the deal was progressing as planned. Walgreens said it now expected an adjusted profit of $4.30- $4.55 per share for the year ending August, compared with $4.25- $4.55 it had forecast earlier. The net income attributable to Walgreens rose to $1.11 billion, or $1.01 per share, in the first...

  • Jan 7- Drugstore operator Walgreens Boots Alliance Inc, which has offered to buy smaller rival Rite Aid Corp, reported lower-than-expected quarterly net sales. Net income attributable to Walgreens Boots rose to $1.11 billion, or $1.01 per share, in the first quarter ended Nov. 30, from $850 million, or 89 cents per share, a year earlier. Net sales rose 48.5 percent to...

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  • Dec 17- Rite Aid Corp, which has agreed to be bought by larger rival Walgreens Boots Alliance Inc, reported same-store sales below analysts estimates hurt by the introduction of more low-margin generic drugs. Profit was hurt by expenses related to EnvisionRx, the pharmacy benefit manager which Rite Aid bought for about $2 billion in June, and lower income tax...

  • Dec 17- Drugstore operator Rite Aid Corp, which has agreed to be bought by larger rival Walgreens Boots Alliance Inc, reported a 43 percent drop in quarterly profit, hurt by expenses related to its acquisition of pharmacy benefit manager EnvisionRx. The company's net income fell to $59.5 million, or 6 cents per share, in the third quarter ended Nov. 28, from $104.8...

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