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KKR to sell 15 million shares of Walgreens Boots Alliance

BY Michael Johnsen
DEERFIELD, Ill. – Walgreens Boots Alliance on Thursday announced that affiliates of KKR intend to offer for sale in an underwritten secondary offering 15 million shares of the company’s common stock pursuant to the shelf registration statement filed by the company with the Securities and Exchange Commission on Feb. 17, 2016.
 
The selling stockholders also intend to grant the underwriter a 30-day option to purchase up to an additional 1.5 million shares of the company's common stock.
 
The company previously issued to the selling stockholders an aggregate of almost 52.5 million shares of common stock in connection with the company’s strategic combination with Alliance Boots completed in December 2014. The shares to be sold by the selling stockholders represent approximately 29% (or 31% if the underwriter exercises its option in full) of their aggregate shares owned prior to the offering, and, following the offering, the selling stockholders will own more than 37.4 million shares in the aggregate. 
 
Walgreens Boots Alliance is not selling any shares and will not receive any proceeds from the proposed offering. Dominic Murphy, member and head of U.K. and Ireland, head of health care industry team – Europe, KKR, will remain a member of the company’s board of directors after the completion of the proposed offering.
Citigroup will act as the sole underwriter for the offering and proposes to offer the shares of common stock from time to time for sale in one or more transactions on the Nasdaq Stock Market, in the over-the-counter market, through negotiated transactions or otherwise at prevailing market prices, at prices related to prevailing market prices or at negotiated prices. 
 
The last reported sale price of the company’s common stock on May 5, 2016 was $81.46. The company filed an automatically effective shelf registration statement (including a prospectus) with the SEC for the offering. 
 
 
 
 
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Canadian retailers respond to Fort McMurray wildfires with donations

BY Michael Johnsen
MISSISSAUGA, Ontario – Both Walmart Canada and Loblaw companies sent financial aid to support the relief efforts in the Fort McMurray community. According to reports published Friday morning, fires in the province of Alberta have to date forced the evacution of 88,000 residents and destroyed more than 1,600 structures. 
 
The Walmart Foundation committed $500,000, including a donation to the Canadian Red Cross and support by Walmart Canada for local associates. In addition, Walmart Canada has activated a campaign to support the Canadian Red Cross' efforts to provide relief to those affected by the Fort McMurray wildfires. Customers can make donations to the Canadian Red Cross at all Walmart stores in Alberta.
 
"We are deeply saddened by the devastating fires in Fort McMurray and the catastrophic effect it is having on our associates and members of the community," stated Dirk Van den Berghe, president and CEO, Walmart Canada. "We are fully committed to the relief efforts through our work with the Red Cross and have offered them our full support at this time."
 
Loblaw Companies have committed $300,000 in support for relief efforts in Fort McMurray, including cash donations, and provisions of essential food and health supplies. In addition, in less than 24-hours, customers in stores across the country have donated more than $120,000 and 1.6 million Shoppers Optimum points to help displaced residents.
 
"Our thoughts are with our colleagues, customers and those living in and around the Fort McMurray area," said Bob Chant, SVP corporate affairs, Loblaw. "During times of tragedy, Canadians band together to support our neighbours and we are overwhelmed at our customers' generosity so far."
 
Loblaw has committed to a cash donation of $150,000 to the Canadian Red Cross. Additionally, through its network of more than 2,400 stores across the country, Loblaw has mobilized a disaster relief effort in each of its businesses to provide comprehensive support to those in Fort McMurray. Loblaw grocery is providing essential food, water, and pet food to emergency shelters and to the Canadian Red Cross, and has enabled customers wishing to support to donate in store. And Shoppers Drug Mart will match the donation of Shoppers Optimum points, to a maximum of $25,000. The donated points will go toward required health and beauty products.
 
 
 
 
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Mars Petcare launches cross-brand campaign

BY Gina Acosta

NASHVILLE, Tenn. — Mars Petcare is launching a new campaign to encourage consumers to ad wet food to their dog's dry kibble.

The company's new campaign features its four CESAR, PEDIGREE, NUTRO and IAMS pet brands and aims to increase the overall awareness of wet dog food (and growth of the category) by encouraging dog owners to mix in wet food with dry kibble.

"This category presents a significant opportunity for growth, and we're confident the time is right to approach wet dog food at the category level to support our customers and consumers alike," said Dan Jackson, marketing director, Mars Petcare. "We are constantly looking for new ways to drive the category, while helping pet parents to show their love for their pets.  This campaign gives dog owners an easy way to delight their dogs at mealtime by encouraging them to mix in a little wet food and watch their pups freak out."

The campaign includes long-and short-form videos brought to life through an engaging online hub at MixMania.dog that serves as a one-stop-shop for consumer interaction. Consumers are encouraged to engage with the campaign by sharing their doggy freak out photos and videos using #MixMania.

The program also features actress, musician and animal lover, Kristin Chenoweth, who joins the campaign, lending her voice to a series of humorous videos and a consumer remix station housed on the website. The hub has a unique feature that lets consumers upload a video and remix it with a funny voiceover from Chenoweth.

The company will also be rolling out social media ads and other digital marketing.

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