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Stock Market & Financial Investment News

News Breaks
April 3, 2014
13:03 EDTWAGWalgreens signs definitive agreement with Water Street Healthcare Partners
Walgreen Co. announced that it has signed a definitive agreement with Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry, in which Water Street will acquire a majority interest in Take Care Employer Solutions. Take Care Employer Solutions is a Walgreens subsidiary that manages more than 360 worksite health centers nationwide. Water Street also has signed an agreement to simultaneously invest in CHS Health Services, a premier provider of more than 130 worksite health centers. Water Street will merge Take Care Employer Solutions and CHS to form a new company dedicated to providing worksite health centers that improve the cost and quality of employee health care. The new company will have more than 85 years of combined experience in employer health solutions and will serve more than 200 leading corporations through nearly 500 worksite health and wellness centers located across the country. Water Street will own a majority interest in the new company, and Walgreens will own a significant minority interest and have representatives on the new company’s board of directors. The new company will be led by Stuart Clark, CEO. Trent Riley, divisional vice president, Take Care Employer Solutions Group, will serve as COO. The name of the new company will be determined during the integration process. Financial terms of the agreement were not disclosed. Walgreens anticipates the transaction will not have a material impact on earnings per share in fiscal year 2014. The transaction is subject to satisfaction of regulatory requirements and other conditions, and is expected to close by mid-calendar year 2014. Until the close of the transaction, Take Care Employer Solutions and CHS will operate business as usual and as separate companies.
News For WAG From The Last 14 Days
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September 12, 2014
18:43 EDTWAGCtW Investment calls on Walgreen to provide details on earnings, Reuters says
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September 9, 2014
08:00 EDTWAGWalgreen price target lowered to $75 from $85 at Leerink
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07:38 EDTWAGWalgreen pushed to boost buyback as Jana secures seats, Bloomberg says
Walgreen will most likely be pushed to increase a to $3B share buyback program that let down investors in August after Jana Partners reached an agreement on three board seats at the company, according to Bloomberg, citing a person familiar with the matter. Reference Link
September 8, 2014
06:54 EDTWAGWalgreen appoints JANA's Barry Rosenstein to board of directors
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05:50 EDTWAGStocks with implied volatility movement; DE WAG
Stocks with implied volatility movement; Deere (DE) 15, Walgreen (WAG) 30 according to iVolatility.
September 5, 2014
12:42 EDTWAGStocks with increasing options volume
Stocks with increasing options volume: VALE MCP KORS WAG GM PCLN
11:47 EDTWAGOptions with increasing implied volatility
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10:55 EDTWAGWalgreen call activity attributed to activist investor speculation
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10:00 EDTWAGRumor: Walgreen strength attributed to activist investor speculation
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07:31 EDTWAGWalgreen notifies customers about label printing errors, WSJ reports
Walgreen has found that its systems were printing drug labels with random characters in the instructions during a recent system crash, making some hard to understand, and has reached out to notify thousands of customers about the issue, reported The Wall Street Journal, citing a company spokesman and an internal memo. Reference Link
September 4, 2014
08:04 EDTWAGWalgreen reports total Q4 sales $19.06B, consensus $18.99B
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08:03 EDTWAGWalgreen reports August SSS up 3.7%
Walgreens had August sales of $6.39B, an increase of 3.6% from $6.16B for the same month in fiscal 2013. Total front-end sales increased 2.1% in August compared with the same month in fiscal 2013, while comparable store front-end sales increased 1.4%. Customer traffic in comparable stores decreased 1.7% while basket size increased 3.1%.Prescriptions filled at comparable stores increased by 1.1% in August and increased 3.2% on a calendar day-shift adjusted basis. August 2014 had one additional Sunday and one fewer Thursday compared with August 2013. These calendar shifts negatively impacted prescriptions filled at comparable stores by 2.1 percentage points.
06:03 EDTWAGStocks with implied volatility movement; WAG RAD
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