[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather
Santa Clarita CA
Mostly cloudy
Mostly cloudy
58°F
 
Calendar
Today in
S.C.V. History
December 9
1983 - U.S. release of John Carpenter's "Christine;" blew up fake gas station in Valencia [watch scene (R)]


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 previouslywalgreens 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.

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

1 Comment

  1. James d griffin says:

    Where does our president and other key internal mgmt stand on this takeover ??
    As a long standing stockholder (10k c/s) I don’t like this overture’?… Rad has much to grow with once we reduce
    Our debt-drag .
    Let us hear from our president..please.

    Jim griffiny

Leave a Comment


Latest Additions to SCVNews.com
1983 - U.S. release of John Carpenter's "Christine;" blew up fake gas station in Valencia [watch scene (R)]
1941 - Julius Dietzmann family of Castaic arrested as German enemy aliens [story]
Valencia-based H2scan has announced the Gen 5 System, a first of its kind hydrogen sensor package to help utilities monitor and protect their distribution transformers.
Valencia’s H2scan Unveils New Transformer Monitoring System
CalArts graduates are among the nominees for Golden Globe Awards the Hollywood Foreign Press Association announced on Monday, recognizing excellence in domestic and foreign film and television.
CalArtians ‘Glow’ in 76th Golden Globes Nominations
The California Department of Education and the State Board of Education have launched the second version of the California School Dashboard, a website that gives parents, students and educators access to valuable school and district data.
State Launches 2018 School Dashboard; Hart Schools Score Well
The TMU Mustangs played a dominant defensive effort Thursday, holding Hope International scoreless in the third quarter of what became a 76-47 win.
TMU Women’s Basketball Team Nets Win Over Hope Int’l
The nonprofit Friends of Hart Park, in cooperation with the Los Angeles County Department of Parks and Recreation, will present the 7th Annual Hart Holiday Boutique & Craft Fair at Hart Park on Saturday and Sunday, Dec. 8-9, from 10 a.m. to 4 p.m. each day.
Dec. 8-9: Holiday Boutique, Craft Fair at Hart Park
The Los Angeles County Board of Supervisors will hear comments from the public about the proposed Centennial Specific Plan Project at their next meeting on Tuesday, Dec. 11, starting at 9:30 a.m.
Dec. 11: Supes May OK Centennial at Tejon Ranch Development
The next meeting of the Los Angeles County Board of Supervisors is set for Tuesday, Dec. 11, starting at 9:30 a.m.
Dec. 11: LA County Board of Supervisors Meeting
Castaic School Board members held their Annual Organizational Meeting on Dec. 6, and elected officers and representatives of the Board for 2019.
Castaic School Board Elects Officers, Reps for 2019
Los Angeles County District Attorney Jackie Lacey announced Friday that Amazon.com Inc. has agreed not to sell force-fed foie gras in California under a consumer protection settlement reached with her office and the Monterey County and Santa Clara County district attorney’s offices.
DA’s, Amazon Settle Force-Fed Foie Gras Online Sales Case
People with mental health issues and dementia who are released from Los Angeles County jails will be given medications and connections to organizations that can keep them from becoming homeless, according to an update of a settlement agreement reached Thursday.
LA County Agrees to More Mental Health Help for Inmates
California Highway Patrol officials have determined Ventura County Sheriff's Sgt. Ron Helus died after he was struck by a bullet from a CHP officer's weapon during the Borderline Bar shooting in Thousand Oaks Nov. 7.
CHP: Ventura Sheriff Sgt. Killed by Friendly Fire in Borderline Shooting
California Attorney General Xavier Becerra has joined a bipartisan working group of 40 state attorneys general seeking to end illegal robocalls, he announced Friday.
State AG’s Push Feds to Stop Robocalls
The Los Angeles Homeless Services Authority has put out a call for volunteers to help count homeless individuals in the Santa Clarita Valley on Wednesday night, Jan. 23.
Jan. 23: Volunteers Sought for SCV Homeless Count
The Santa Clarita City Council will hold its next meetings at City Hall on Tuesday, Dec. 11.
Dec. 11: Re-elected City Council Members, New Mayor to be Sworn In
The Santa Clarita Valley Chamber of Commerce is pleased to announce the addition of four new board members joining the 2019 Board of Directors
SCV Chamber of Commerce Adds 4 to Board
Santa Clarita Valley Sheriff' Station deputies arrested a North Carolina man on felony and misdemeanor drug charges in Castaic Thursday morning.
North Carolina Man Arrested on Drug Charges in Castaic
As holiday shoppers crowd store and mall parking lots, the California Department of Motor Vehicles reminds Californians to “Save the Space” designated for disabled individuals who legally display disabled person parking placards.
DMV: ‘Save the Space’ for Holiday Shoppers with Disabilities
1921 - William S. Hart marries actress Winifred Westover [story]
Despite affordability challenges, California renters continue to hold homeownership in high regard and aspire to purchase a home eventually, according to a consumer survey recently released by the California Association of Realtors (C.A.R).
Survey Finds CA Renters Still Have High Regard for Homeownership
Santa Clarita-based landscaping firm Stay Green, Inc. has been recognized in a statewide competition, bringing home three first-place awards and an Outstanding Achievement award for maintenance projects big and small.
Local Landscape Firm Recognized in Statewide Competition
SAN DIEGO - A group of investors working with Johnson Fistel, LLP, The Concerned Shareholders of Big 5 Group (the "CSB5 Group") believes these are desperate times for Big 5 Sporting Goods Corporation.
Investors Make Play for Big 5 Sporting Goods Chain
Sarah Delawder, currently an assistant principal at Valencia High School, will become the assistant principal at Castaic High School.
Hart District Names Assistant Principal for Castaic High School
Because of the recent rainfall, Los Angeles County Health Officer, Muntu Davis, MD, MPH, is cautioning residents who are planning to visit Los Angeles County beaches to avoid swimming, surfing, and playing in ocean waters around discharging storm drains, creeks, and rivers.
Advisory Issued for all LA County Beaches Until Sunday
NORTHRIDGE - Sophomore Terrell Gomez posted a career-high 26 points to go with five 3-pointers while senior Blair Orr registered a career-best 15 points and six rebounds as CSUN Men's Basketball (3-5) defeated Cal State San Marcos, 76-72, on Wednesday evening at The Matadome.
Sophomore Gomez Propels Matadors to Victory
NORTHRIDGE - CSUN returns home for a pair of women's basketball games this week. The Matadors get the action underway Friday night when CSUN welcomes Loyola Marymount.
Matadors Return Home to Host LMU, SDSU
To help lower the risk of possible natural gas and electricity shortages this winter, Southern California Gas Co. (SoCalGas) recently announced the launch of a new energy conservation alert program designed to raise awareness about ways Southern Californians can reduce their natural gas use during periods of cold weather this winter.
SoCalGas Encouraging Customers to ‘Dial it Down’ with New Alert Program
The CalArts School of Theater production, Through the Leaves," directed by Brittney Brady (BFA 20), opens on Thursday, Dec. 6, and runs through the following Thursday, Dec. 13.
Dec. 6-13: CalArts School of Theater Presents ‘Though the Leaves’
The Governing Board of the Castaic Union School District will hold an organizational meeting Thursday, Dec. 6, at 6:00 P.M. in the Board Room of the district office.
Dec. 6: CUSD Governing Board Organizational Meeting
The California Department of Resources Recycling and Recovery (CalRecycle), in coordination with Los Angeles County Public Works, will provide debris removal for homes destroyed by the Woolsey Fire at no cost to property owners and residents.
County Public Works to Provide Free Woolsey Fire Debris Removal
Princess Cruises recently announced that it is now preparing Regal Princess as the second ship fully activated with Princess MedallionClass experiences that are currently delivering enhanced and personalized cruise vacations to guests onboard Caribbean Princess.
OceanMedallion Interactive Device Expands to Regal Princess
Officials at California State University, Northridge, released a statement Wednesday regarding graffiti that was found in one of the buildings on campus - graffiti that included a threat of a mass shooting and hate symbols.
CSUN Responds to Mass Shooting Threat, Hate Symbols Found on Campus
The U.S. Forest Service will soon start annual prescribed burning operations on the Angeles National Forest to reduce the risk of wildfire and protect the communities within and adjacent to the forest.
Forest Service to Begin Prescribed Burning Operations
1864 - Actor William S. Hart born in Newburgh, New York [Hart Index]
The city of Santa Clarita is set to honor the memory of Fereydoon Ghaffari, designer of Valencia's first pedestrian walkways, at the Parks, Recreation and Community Services Commission's meeting in Council Chambers at City Hall on Thursday, Dec. 6.
Dec. 6: City to Honor Man Who Pioneered Valencia Walkways