Walgreens Boots Alliance (WBA) Tops Q4 EPS by 8c; Guides FY17 EPS

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Walgreens Boots Alliance and Rite Aid Announce Extension of Merger Agreement End Date

October 20, 2016 7:01 AM EDT

DEERFIELD, Ill. & CAMP HILL, Pa.--(BUSINESS WIRE)-- Walgreens Boots Alliance, Inc. (Nasdaq: WBA) and Rite Aid Corporation (NYSE: RAD) today announced that, in accordance with the terms of their merger agreement dated 27 October 2015, they have mutually agreed to extend the end date of their merger agreement from 27 October 2016 to 27 January 2017. The companies now expect the transaction will close in early calendar 2017.

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Walgreens Boots Alliance Reports Fourth Quarter and Fiscal 2016 Results

October 20, 2016 7:00 AM EDT

Fourth quarter highlights

GAAP diluted net earnings per share increase to $0.95 from $0.02 in the year-ago quarter; Adjusted diluted net earnings per share increase 21.6 percent to $1.07 GAAP net earnings attributable to Walgreens Boots Alliance increase to $1.0 billion compared with $26 million in the year-ago quarter; Adjusted net earnings attributable to Walgreens Boots Alliance increase 20.3 percent to $1.2 billion Sales increase 0.4 percent to $28.6 billion, up 2.5 percent on a constant currency basis GAAP operating income increases 36.4 percent to $1.1 billion; Adjusted operating income increases 7.2 percent to $1.6 billion, up 10.3 percent on a constant currency basis

Fiscal 2016 highlights

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