Rite Aid Corporation announced that it has completed the pilot closing and first subsequent closings under the amended and restated asset purchase agreement entered into on September 18, 2017, resulting in the transfer of 97 Rite Aid stores and related assets to Walgreens Boots Alliance, Inc. (Nasdaq: WBA). Under the amended and restated agreement, WBA will purchase a total of 1,932 stores, three distribution centers and related inventory from Rite Aid for an all-cash purchase price of $4.375 billion on a cash-free, debt-free basis. Rite Aid and WBA expect to continue to transfer ownership of the stores in phases over the coming months, with the goal being to complete the store transfers in spring of 2018. The majority of the closing conditions have been satisfied, and the subsequent transfers of Rite Aid stores and related assets remain subject to minimal customary closing conditions applicable only to the stores being transferred at such subsequent closing, as specified in the asset purchase agreement. Click Read More below for additional information.
Two Sides North America (TSNA) President Kathi Rowzie today announced that Jules Van Sant and Jill Crossley have joined the TSNA leadership team as Executive Director and Director of Operations, respectively.
“I am thrilled to welcome these two outstanding professionals to help lead Two Sides North America into the future,” Rowzie said. “As we continue to grow, Jules and Jill bring a wealth of sustainability knowledge and industry experience that will add value to everything we do for our members and will make us even more effective in eliminating anti-paper greenwashing and telling the great sustainability story of print, paper and paper-based packaging.”
Van Sant has decades of experience in the printing, graphic arts and advertising industries, and has a high profile presence on national print and paper industry task forces, committees and networking initiatives. She served as Executive Director of the Pacific Printing Industries Association from 2006 to 2018, and is current chair of the Print and Graphics Scholarship Foundation.
Crossley has worked in and with the paper industry and related organizations for more than 15 years. Her breadth of marketing experience supporting business groups across both manufacturing and corporate settings gives her a unique perspective on the industry and its sustainability, as well as a distinct advantage in developing communication strategies and campaigns that resonate with stakeholders across the print, paper, paper-based packaging, and consumer sectors.
more at: https://twosidesna.org/US/two-sides-north-america-announces-additions-to-leadership-team/