Rite Aid Corporation announced it has established a meeting date of Feb. 4, 2016, for a special meeting of its stockholders to, among other things, consider and vote on a proposal to approve the previously announced Agreement and Plan of Merger, dated as of Oct. 27, 2015, by and among Rite Aid, Walgreens Boots Alliance, Inc., a Delaware corporation, and Victoria Merger Sub, Inc., a Delaware corporation and a wholly owned direct subsidiary of WBA, providing for the merger of Victoria Merger Sub with and into Rite Aid, with Rite Aid surviving the Merger as a wholly owned direct subsidiary of WBA.
Rite Aid stockholders as of the close of business on the record date for the special meeting will be entitled to receive notice of, and to vote at, the special meeting.
The Merger, which is expected to be completed by the second half of calendar 2016, is subject to the approval of the Merger Agreement by Rite Aid’s stockholders and satisfaction of other customary closing conditions.
About Rite Aid
Rite Aid Corporation is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2015 annual revenues of $26.5 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.