January 22, 2018 / 9:36 PM / 6 months ago

BRIEF-Rite Aid Provides Update On Sale Of Assets To Walgreens Boots Alliance

Jan 22 (Reuters) - Rite Aid Corp:

* RITE AID PROVIDES UPDATE ON SALE OF ASSETS TO WALGREENS BOOTS ALLIANCE

* RITE AID CORP - AS OF JANUARY 22, 2018, RITE AID HAS TRANSFERRED 625 STORES AND RELATED ASSETS TO WBA

* RITE AID CORP - ON TRACK TO COMPLETE TRANSFER OF STORES IN SPRING OF THIS YEAR

* RITE AID CORP - HAS RECEIVED CASH PROCEEDS OF $1.31 BILLION SO FAR, WHICH IT IS USING TO REPAY ALL OF ITS $970 MILLION OF OUTSTANDING SECURED LOANS Source text for Eikon: Further company coverage:

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