Stater Bros. kicks off Harvesting Hope campaign
SAN BERNARDINO, Calif. A Southern California-based supermarket chain is assisting with hunger relief throughout November and December.
Stater Bros., in conjunction with its charitable arm, Stater Bros. Charities, will host its Harvesting Hope campaign. The retailer said it is collecting nonperishable food items for struggling families and accepting additional cash donations in all 167 Stater Bros. stores. The stores also are offering customers the opportunity to purchase $10 Harvesting Hope scannable donation cards.
Each year, Stater Bros. contributes more than $15 million to assist those in need, with an emphasis on worthy programs that benefit hunger relief, health and nutrition, education and animal shelters. Stater Bros. also annually donates more than 3 million lbs of food and products to the local food banks.
Walgreens: Mini-tender offer is a no-go
DEERFIELD, Ill. A drug store chain advised shareholders against tendering their shares after being alerted of an unsolicitied “mini-tender” offer.
Walgreens on Wednesday said that the offer, made by TRC Capital, seeks to purchase up to 3 million shares, or approximately 0.3%, of the outstanding Walgreens common stock at a price of $33 per share. The drug store chain said the offer should be rejected since it is below the current market price for the shares and is subject to “numerous conditions.” The offer was received on Nov. 3.
Mini-tender offers occur when a company seeks to acquire less than 5% of stock from another company. TRC Capital, a Toronto-based investment firm, has attempted to acquire stock from various companies, including drug maker Novartis and Philip Morris International.
The Securities and Exchange Commission advises against mini-tender offers, stating that “some bidders make these offers at below-market prices, hoping that they will catch investors off guard if the investors do not compare the offer price [with] the current market price.”
Come fly with me: Orbitz, Walgreens partnership looks to secure travelers’ health
CHICAGO and DEERFIELD, Ill. In an effort to keep travelers healthy throughout the holiday season, a leading global online travel company and one of the nation’s largest drug store chains have joined forces through new cross-promotional marketing programs.
Orbitz Worldwide and Walgreens said their partnership will allow them to offer exclusive travel discounts and deals to Walgreens customers on Orbitz.com — while Orbitz customers will benefit from special offers on products and services at Walgreens’ 7,600 locations — and will highlight consumer research and educational campaigns focused on being a healthy traveler.
In line with the announcement, the companies released results of a consumer poll in which 25% of holiday travelers surveyed had travel plans interrupted by unexpected illness. What’s more, 41% of respondents believed that traveling does increase their chances of getting sick and taking such preventive measures as hand-washing and using hand sanitizer (58%) or getting the flu shot (29%) boost their chances of remaining healthy during holiday travel.
“This re-inforces the need to educate travelers about important yet easy steps they can take to stay healthy during the holiday travel season,” said Cheryl Pegus, Walgreens chief medical officer. “As travelers place a growing emphasis on health and wellness, we’ll provide the resources and information to help them stay well throughout the year.”
Both companies will support the program with cross-promotional brand visibility, educational outreach to customers and ongoing publicity efforts throughout 2011.
“This partnership will help improve the holistic travel experience for individuals and families, first focusing on raising awareness for our customers about preventive healthcare measures that can help make for a happy holiday,” said Jeanenne Tornatore, senior travel editor of Orbitz.com. “A major underlying goal is to further educate and inform travelers and encourage them to be proactive about seeking advice from healthcare experts about how they can maintain a healthy lifestyle during the holidays.”