BNET Industries

Rite Aid Corp.

(RAD) is in the Retail Industry

Market Cap:$1.1B

Last Fiscal Year Sales:$24.3B

Public
US

Dow Jones Description

Rite Aid Corporation is one of the nation's leading drugstore chains. With the June 4, 2007 acquisition of Brooks Eckerd, the company has annual revenues of more than $27 billion, more than 5,000 stores in 31 states and the District of Columbia, with a strong presence on both the East and West coasts, and approximately 116,000 associates. Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S. The company is publicly traded on the New York Stock Exchange under the ticker RAD.

Number of Employees 103,000

Contact Information

30 Hunter Ln

PO Box 3165

Camp Hill, Pennsylvania 17011-2400

www.riteaid.com

(717) 761-2633

Peer Companies

NAICS Code Pharmacies and Drug Stores: 446110

Company News

Recent Events

UPDATE 1-Connecticut sues CVS for selling expired products

11/30/09 - Legal Settlement - View Story
CVS settles suit over expired products

11/11/09 - Legal Settlement - View Story
Bellaboo Skincare: For Teens By Teens!

11/10/09 - Product Announcement - View Story
Rite Aid to replace Camp Hill store tomorrow

11/10/09 - Planned Site Openings - View Story
Walgreen Oct. Comps. Rise 4.9% - Update

11/03/09 - Financial Announcement - View Story
1 Bessemer Division approves AG Kingâ€™s motion to dismiss DAâ€™s suit; four other cases await...

10/29/09 - Lawsuit Filed - View Story
Rite Aid promotes Rx executives

11/02/09 - Mgmt. Change Entering - Vice President - View Story
Rite Aid Introduces Wellness+ Rewards Program

10/21/09 - Product Announcement - View Story
Fitch Affirms Rite Aid's IDR at 'B-'; Rates New Bonds; Outlook Stable

10/20/09 - Bond / Stock Rating - View Story
Thompson promoted by Rite Aid

10/12/09 - Mgmt. Change Entering - Vice President - View Story
Rite Aid to open Millsboro store

10/10/09 - Joint Venture / Alliance - View Story
Options Spotlight: American Express

10/09/09 - Financial Announcement - View Story
Rite Aid Launches Diabetes Campaign

10/01/09 - Joint Venture / Alliance - View Story
Rite Aid teams with hospital to open health clinics

9/29/09 - Planned Site Openings - View Story
Deutsche Bank Reiterates a 'Hold' on Rite Aid RAD; Comments on Upside/Downside Risk

9/25/09 - Bond / Stock Rating - View Story
Rite Aid F2Q10 (Qtr End 8/29/09) Earnings Call Transcript

9/24/09 - Mgmt. Change Entering - Vice President - View Story

News & Analysis

acquisition and rite aid corp. - All News and Analysis

Rite Aid Expects to Close Brooks Eckerd Acquisition As Early As June 4

- 2007-05-31

CAMP HILL, Pa. -- Rite Aid Corporation (NYSE:RAD) said today that it expects to close its acquisition of the Brooks and Eckerd drugstore chains as early as June 4, 2007, pending final regulatory approval by the Federal Trade Commission FTC and satisfaction of customary closing conditions. The acquisition includes approximately...

Tags: acquisition, drugstore, FINANCE, FTC, Investment, READERS, Rite Aid Corp.
Rite Aid Expects to Close Brooks Eckerd Acquisition by End of May

- 2007-04-12

CAMP HILL, Pa. -- Rite Aid Corporation (NYSE: RAD) said today it expects to close its acquisition of the Brooks and Eckerd drugstore chains by the end of May, pending final regulatory approval by the Federal Trade Commission FTC and satisfaction of customary closing conditions. The acquisition includes approximately 1,850...

Tags: acquisition, drugstore, FINANCE, FTC, Investment, READERS, Rite Aid Corp.
Institutional Shareholder Services and Glass Lewis Support Rite Aid's Acquisition of the Brooks and Eckerd Drugstore Chains

- 2007-01-08

CAMP HILL, Pa. -- Rite Aid Corporation (NYSE:RAD) said today that Institutional Shareholder Services ISS and Glass Lewis & Co., two of the world's leading proxy advisory firms, both recommend that Rite Aid stockholders vote "FOR" the issuance of 250 million shares of Rite Aid common stock to The Jean...

Tags: acquisition, FINANCE, Investment, Readers, Rite Aid Corp., shareholder
Rite Aid Sets Date for Special Meeting of Stockholders in Connection with the Brooks Eckerd Acquisition

- 2006-11-30

CAMP HILL, Pa. -- Rite Aid Corporation (NYSE, PCX:RAD) today announced that a special meeting of Rite Aid stockholders will be held on January 18, 2007, at 9:00 a.m. Eastern time at the Hilton Harrisburg, One North Second Street, Harrisburg, Pennsylvania, for stockholders of record at the close of business...

Tags: acquisition, drugstore, FINANCE, INTERNET, Investment, MARKETING, Pennsylvania, Pricing, READERS, Rite Aid Corp., SEC
Rite Aid Moving Forward With Acquisition Of PCS

- 1998-12-24

CAMP HILL, Pa.--BUSINESS WIRE--Dec. 24, 1998--Rite Aid Corporation (NYSE, PSE:RAD) today announced that the waiting period under the Hart Scott Rodino Anti-Trust Improvement Act with respect to its pending acquisition of PCS Health Systems, Inc. has expired and that the transaction is tentatively scheduled to close on January 29, 1999....

Tags: acquisition, Benefits, Business Wire, FINANCE, HEALTHCARE, Investment, PCS, Rite Aid Corp., SOFTWARE

FTC approves Rite Aid acquisition of Taylor Drugs

- 1996-06-24

CAMP HILL, Pa.--BUSINESS WIRE--June 24, 1996--The Federal Trade Commission has notified Rite Aid Corp. (NYSE/PSE:RAD) that it has granted early termination of the Hart Scott Rodino filing in connection with Rite Aid's acquisition of 34 Taylor Drug Stores located in Kentucky and Indiana.Rite Aid Corp., based in Camp Hill, is...

Tags: acquisition, Business Wire, FINANCE, FTC, Investment, Rite Aid Corp.