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People’s Choice Awards on board with Walgreens’ Get a Shot Give a Shot campaign

BY Michael Johnsen

LOS ANGELES — People's Choice Awards executive producer Mark Burnett and actor Raza Jaffrey of CBS’ “Code Black” took advantage of the show's partnership with Walgreens and its Get a Shot Give a Shot campaign to not only get a flu shot for themselves, but also to promote the campaign. 
 
“Here we have a major company, Walgreens, with a great campaign – Get a Shot, Give a Shot,” Burnett told PEOPLE at the People's Choice Awards Nominees Announcement press conference in Los Angeles earlier this week. “If you think about that, most people need their flu shot and they're going to do it anyway. You might as well, when you get one, know that as you get your flu shot, that means now someone in need will also get a shot.” 
 
The live broadcast of People's Choice Awards 2016 will take place from the Microsoft Theatre L.A. on Jan. 6 on CBS.
 
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NACDS, retailers discuss key issues with Ga. legislators

BY Michael Johnsen

Left to right: Melissa Ramba of the Georgia Retail Association, Sally West (Walgreens), Georgia Gov. Nathan Deal, Leigh Knotts (NACDS), Glen Wilkins (Walmart), Paul Imbrone (Macy’s) and Randy Miller (Georgia Retail Association).
 
ATLANTA — The National Association of Chain Drug Stores and the Georgia Retail Association capped two days of legislative visits in Atlanta with a meeting with Gov. Nathan Deal (R).
 
Pharmacy and retail members were able to discuss issues surrounding Medicaid, prescription drug monitoring program funding, opioid abuse, plastic bag preemptions and back-to-school sales tax holidays, NACDS reported. 
 
The group also met with Georgia House Minority Leader Stacey Abrams (D) and Georgia House Majority Leader Jon Burns (R).
 
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Credit Suisse: WBA, Rite Aid deal doable with fewer than 1,000 store divestitures

BY Michael Johnsen

NEW YORK — The Walgreens Boots Alliance/Rite Aid deal can pass Federal Trade Commission scrutiny with as little as 170 retail store divestitures, according to a proprietary analysis conducted by Credit Suisse, but the company will more likely be required to sell off some 950 stores. The analysis seems in-line with the cap of 1,000 stores Walgreens Boots Alliance’s set forth in its Securities and Exchange Commission filing for the acquisition, though independent analysts have suggested the final tally could reach as high as 3,000
“FTC risk has been the key investor concern around WBA’s proposed acquisition of Rite Aid,” wrote Ed Kelly, Credit Suisse research analyst, in a note published Friday.
The Credit Suisse analysis uses the Rite Aid acquisition of Brooks/Eckerd in 2007 as a relevant baseline. In that deal,the FTC required the company to divest a total of 24 stores in markets where “the merged entity would have had between approximately 50% and 100% of the market for pharmaceutical sales to cash customers.”
Given information from more recent FTC scrutiny of the never-realized Dollar General/Family Dollar and Sysco/U.S. Foods mergers, Credit Suisse feels that threshold is likely to come down to 40% marketshare.
“Any scenario below 40% could put the transaction at risk, but this seems overly aggressive in our view given that WBA and CVS already have shares in excess of this level in many markets,” Kelly wrote.
Whatever the store divestiture requirement might be, as the only other national pureplay drug store operator in the market, CVS Health may be the acquirer of those forced divestitures, according to the Credit Suisse analysis.
“Our analysis indicates that CVS could take down the vast majority of divested stores and still remain under the market share cap set by FTC,” Kelly suggested. “We see this as a near-term positive for CVS following the close of the WBA-RAD deal and estimate that CVS’ acquisition of 500 divested stores could add ~$0.08 to 2016 EPS.”

 

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