CNET también está disponible en español.

Ir a español

Don't show this again

HolidayBuyer's Guide
Tech Industry

Rite Aid sells Drugstore.com shares

Retail pharmacy chain Rite Aid has sold about 1.4 million shares of Drugstore.com stock in recent days, a company representative said. One of the major stakeholders in the online pharmacy, Rite Aid still holds about 8 million shares of Drugstore.com stock after the sales. In filings with the Securities and Exchange Commission, Rite Aid estimated that it earned more than $3 million from the sales. Camp Hill, Penn.-based Rite Aid bought its stake in Drugstore.com for $7.6 million in June 1999 as part of a partnership agreement between the two companies. Under that agreement, Drugstore.com operates Rite Aid's online pharmacy, and Rite Aid promotes Drugstore.com to its in-store customers.

Retail pharmacy chain Rite Aid has sold about 1.4 million shares of Drugstore.com stock in recent days, a company representative said. One of the major stakeholders in the online pharmacy, Rite Aid still holds about 8 million shares of Drugstore.com stock after the sales. In filings with the Securities and Exchange Commission, Rite Aid estimated that it earned more than $3 million from the sales.

Camp Hill, Penn.-based Rite Aid bought its stake in Drugstore.com for $7.6 million in June 1999 as part of a partnership agreement between the two companies. Under that agreement, Drugstore.com operates Rite Aid's online pharmacy, and Rite Aid promotes Drugstore.com to its in-store customers.