Thursday at 5:49 a.m.
Filed under:
M&A,
Pharmaceuticals,
Retail
By McClatchy Tribune Newspapers
Drugstore.com rejected a pair of lower offers from Walgreen Co. during a yearlong courtship before accepting a third proposal worth about $429 million, the Bellevue, Wash.-based Internet retailer disclosed in a regulatory filing Wednesday.
Drugstore.com agreed March 23 to be bought by Walgreens, the nation’s largest drugstore chain, for $3.80 a share in cash, a 111 percent premium over the stock’s closing price a week earlier. The planned purchase, which is subject to approval by drugstore.com shareholders, is expected to be final by the end of June. Get the full story »
Dec. 22, 2010 at 11:12 a.m.
Filed under:
Earnings,
Stock activity
By CNN
Shares of Walgreen Co. surged more than 7 percent in midday trade after the company reported record quarterly earnings and sales for the first quarter of fiscal year 2011. Get the full story »
July 2, 2010 at 6:09 a.m.
Filed under:
Food,
Retail
By Dow Jones Newswires
Walgreen Co. will be conducting a test of chilled foods at up to 12 stores this fall in a bid to become a bigger player in the growing fresh food sector. Walgreen spokeswoman Tiffani Washington confirmed the test and said the fresh food initiative could help the drugstore chain be eventually seen as “destination for tonight’s meal.” Get the full story »
