Print
E-mail
Share
digg
Newsvine
Facebook
Stumble
Technorati
reddit
Fark
twitterDrugstore operator looks at more sales
Thursday, Sept. 30, 1999 | 10:39 a.m.
In a bid to stem rising debt, Rite Aid Corp. is considering the sale of more stores and part of its PCS Health Systems division. PCS is a pharmacy benefits manager Rite Aid bought eight months ago for $1.5 billion.
Rite Aid Chief Executive Martin Grass disclosed the plans in an impromptu conference call with securities analysts Wednesday, The Wall Street Journal reported today.
The call, held after the close of the markets, was meant to reassure investors about the Camp Hill, Pa.-based company's prospects amid rising debt and mixed sales results released earlier Wednesday.
Grass also said the company plans to sell 250 of its poorer-performing Western stores. It recently agreed to sell 38 of those stores in California for $186 million.
archive
- Most Read
- Discussed
- Most E-mailed
- Wonder drug for men no success story
- CityCenter: One man’s concept of a real city
- Man, 18, arrested for DUI in crash that kills woman, 24
- Notebook: UNLV prospect Polee likes what he sees, and hears, at the Mack
- Man fatally shot during robbery attempt of woman
- Bellfield tolls again for UNLV in 76-71 win over Louisville
- Pitino doesn’t consider loss to UNLV a total loss
- Palin has a way of bringing out the anger in people
- The ball’s in Reid’s court: Passing the public option
- Binion’s to close all 365 rooms, lay off 100 workers
Blogs
The Kats Report
Planet Hollywood's Thomas McCartney headed for Tropicana (3 Comments)
Elsewhere
LV woman robs Kentucky strip club, police say (1 Comment)
Las Vegas Sands' Hong Kong IPO flops
The Kats Report
Monday List: Top 13 Moments and Observations From Thanksgiving Weekend (2 Comments)
Politics: Ralston's Flash
Tarkanian: Reid is liberal, out of touch, rude, poisonously partisan and a know-it-all (5 Comments)
The Kats Report
Barry Manilow off to Paris: Two-year deal starts March 5 at Le Theatre des Arts (9 Comments)
Politics: Ralston's Flash
Ensign survives radio interview with no follow-ups; partial transcript below (3 Comments)
Calendar »
- 1 Tue
- 2 Wed
- 3 Thu
- 4 Fri
- 5 Sat
-
Grand opening of Vdara
Vdara | 10 a.m. to 11:59 p.m.
-
Dik Richie at Moon
Moon Nightclub | 10:30 p.m. to 11:59 p.m.
-
A Night to Honor Israel at the Cashman Theatre
Cashman Convention Center | 7 p.m. to 10 p.m.
-
Ladies night at Feelgoods
Feelgoods
-
Sin City Sinners at VooDoo Lounge
VooDoo Steak & Lounge
The Sun
Locally owned and independent for more than 50 years.
