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News Breaks | | | | October 30, 2012 | | 15:36 EDT |  | WAG | Walgreen begins to recover after Hurricane Sandy
Walgreens is beginning recovery efforts in the wake of Hurricane Sandy as the company works to provide its stores with what they need to again serve customers in areas impacted by the storm. By noon eastern time today, the number of Walgreens stores closed dropped to 530 with more re-opening by the hour, from a peak of about 750 stores closed during the height of the storm last night out of nearly 1,400 stores in the impacted area. Stores that are still closed are primarily due to evacuations, power outages and staff transportation issues. Approximately 300 stores were without power. The company currently has reports of 10 stores with light to moderate damage, but that could increase as access is gained to more locations. | |
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News For WAG From The Last 14 Days Check below for free stories on WAG the last two weeks. |
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| May 20, 2013 | | 15:52 EDT |  | WAG | Walgreen downgraded to Market Perform from Outperform at Barrington
 Subscribe for More Information | | | May 17, 2013 | | 12:33 EDT | | WAG | AmerisourceBergen receives approval of Walgreens, Alliance Boots investment
AmerisourceBergen (ABC) announced that the parties have received regulatory approval of the previously disclosed agreement for Walgreen (WAG) and Alliance Boots GmbH to purchase an equity stake in the company. AmerisourceBergen continues to expect the new agreements to contribute an incremental $25B in revenues and approximately 20c in earnings per share in FY14, excluding the amortization of certain expenses related to the transaction and the warrants issued, certain non-recurring costs and a potential LIFO charge, and net of certain start up expenses. In addition, the company reiterated its expectations for financial performance for fiscal year 2013, which includes expected revenue growth in the 11%-13% range, and diluted earnings per share from continuing operations in the lower half of the range of $3.04 to $3.14, excluding certain expenses related to the relationship with Walgreens and Alliance Boots and the warrants issued, and the expected LIFO charge from onboarding of additional branded inventory. | | | May 13, 2013 | | 08:32 EDT | | WAG | Walgreens extends CVS Caremark network provider agreement
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