Analyst Meeting Postponed to September 22, 1999.CAMP HILL, Pa.--(BUSINESS WIRE)--Aug. 25, 1999-- The Rite Aid Rite Aid (NYSE: RAD) is a United States retailer and pharmacy chain, operating over 5,000 stores in 31 states and the District of Columbia. Rite Aid Corporation is one of the nation's leading drugstore chains. Corporation Analyst Meeting scheduled for Thursday, September 2, 1999, has been postponed until Wednesday, September 22, 1999. The company is currently involved in discussions involving possible corporate transactions that, if consummated con·sum·mate tr.v. con·sum·mat·ed, con·sum·mat·ing, con·sum·mates 1. a. To bring to completion or fruition; conclude: consummate a business transaction. b. , would be material. There can be no assurance as to the outcome of these discussions. Rite Aid is one of the nation's leading drugstore chains with annual revenues of nearly $13 billion and approximately 3,800 stores in 30 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . Rite Aid owns PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. Health Systems, Inc., which provides pharmacy benefit management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims. programs and services that can help improve patient health and reduce health care costs. Rite Aid also owns approximately 22% of drugstore.com, a leading online source for health, beauty and pharmacy products. General information about Rite Aid, including corporate background and press releases, can be found at the company's Web site at www.RITEAID.com. |
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