Item 9.01. Financial Statements and Exhibits.
(b) Pro Forma Financial Information
The following pro forma financial information for the Company
with respect to the transaction, which was filed as Exhibit 99.2 to the Company’s Current Report on Form 8-K with the SEC
on January 22, 2018, and is incorporated herein by reference:
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Explanatory Note and Basis of Presentation
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Unaudited Pro Forma Condensed Consolidated Balance Sheet as of December 2, 2017
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Unaudited Pro Forma Consolidated Statements of Operations for (i) the fifty-three weeks ended March 4, 2017, (ii) the fifty-two weeks ended (A) February 27, 2016 and (B) February 28, 2015 and (iii) the thirty-nine weeks ended December 2, 2017
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Notes to Unaudited Pro Forma Consolidated Financial Statements
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Exhibit No.
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Description
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2.1
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Amended and Restated Asset Purchase Agreement, dated September 18, 2017, among Rite Aid Corporation, Walgreens Boots Alliance, Inc. and Walgreen Co. (incorporated by reference to Exhibit 2.1 of Rite Aid Corporation’s Current Report on Form 8-K, filed with the SEC on September 19, 2017)
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99.1
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Press Release, dated March 5, 2018
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99.2
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Unaudited Pro Forma Financial Statements (incorporated by reference to Exhibit 99.2 of Rite Aid Corporation’s Current Report on Form 8-K, filed with the SEC on January 22, 2018)
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Cautionary Statement Regarding Forward Looking Statements
Statements in this report that are not historical, are forward-looking
statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements
include, but are not limited to, statements regarding the expected timing of subsequent closings of the sale of Company stores
and assets to WBA; the ability of the parties to complete each of the subsequent closings for sale and related subsequent transactions
considering the various closing conditions applicable to the stores, related assets and/or distribution centers being transferred
at such subsequent closing; the outcome of legal and regulatory matters in connection with the sale of stores and assets of the
Company to WBA; the expected benefits of the transactions such as improved operations, growth potential, market profile and financial
strength; the competitive ability and position of the Company following completion of the proposed transactions; the ability of
the Company to implement new business strategies following the completion of the proposed transactions; the ability of the Company
to repay its debt using the proceeds from the proposed transactions and any assumptions underlying any of the foregoing. Words
such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”
“intend,” “may,” “plan,” “predict,” “project,” “should,”
and “will” and variations of such words and similar expressions are intended to identify such forward-looking statements.
These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including,
but not limited to, our high level of indebtedness and our ability to make interest and principal payments on our debt and satisfy
the other covenants contained in our debt agreements; general economic, industry, market, competitive, regulatory and political
conditions; our ability to improve the operating performance of our stores in accordance with our long term strategy; the impact
of private and public third-party payers continued reduction in prescription drug reimbursements and efforts to encourage mail
order; our ability to manage expenses and our investments in working capital; outcomes of legal and regulatory matters; changes
in legislation or regulations, including healthcare reform; our ability to achieve the benefits of our efforts to reduce the costs
of our generic and other drugs; risks related to the proposed transactions, including the possibility that the subsequent transactions
may not close, including because a governmental entity may prohibit, delay or refuse to grant approval for the consummation
of the transactions, or may require conditions, limitations or restrictions in connection with such approvals, the risk that there
may be a material adverse change of the Company, or the business of the Company may suffer as a result of uncertainty surrounding
the proposed transactions; risks related to the ability to realize the anticipated benefits of the proposed transactions; risks
associated with the financing of the proposed transaction; disruption from the proposed transactions making it more difficult to
maintain business and operational relationships; the effect of the pending sale on the Company’s business relationships (including,
without limitation, customers and suppliers), operating results and business generally; risks related to diverting management’s
or employees’ attention from ongoing business operations; the risk that the Company’s stock price may decline significantly
if the proposed transaction is not completed; significant transaction costs; unknown liabilities; the risk of litigation and/or
regulatory actions related to the proposed transactions; potential changes to our strategy in the event the remaining proposed
transactions do not close, which may include delaying or reducing capital or other expenditures, selling assets or other operations,
attempting to restructure or refinance our debt, or seeking additional capital, and other business effects. These and other risks,
assumptions and uncertainties are more fully described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K,
and in other documents that we file or furnish with the SEC, which you are encouraged to read. Should one or more of these risks
or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated
or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-
looking statements, which speak only as of the date they are made. The Company expressly disclaims any current intention to update
publicly any forward-looking statement after the distribution of this report, whether as a result of new information, future events,
changes in assumptions or otherwise.
Additional Information and Where to Find It
In connection with the proposed strategic combination involving
the Company and Albertsons Companies, Inc. (“Albertsons”), the Company and Albertsons intend to file relevant materials
with the SEC, including that Albertsons will file a registration statement on Form S-4 that will include a proxy statement/prospectus
to be distributed to the Company’s stockholders. The Company will mail the proxy statement/prospectus and a proxy card to
each stockholder entitled to vote at the special meeting relating to the proposed merger. INVESTORS ARE URGED TO READ THE PROXY
STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. THE COMPANY’S EXISTING PUBLIC
FILINGS WITH THE SEC SHOULD ALSO BE READ, INCLUDING THE RISK FACTORS CONTAINED THEREIN.
Investors and security holders may obtain copies of the Form
S-4, including the proxy statement/prospectus, as well as other filings containing information about the Company, free of charge,
from the SEC’s Web site (www.sec.gov). Investors and security holders may also obtain the Company’s SEC filings in
connection with the transaction, free of charge, from the Company’s Web site (www.RiteAid.com) under the link “Investor
Relations” and then under the tab “SEC Filings,” or by directing a request to Rite Aid, Byron Purcell, Attention:
Senior Director, Treasury Services & Investor Relations. Copies of documents filed with the SEC by Albertsons will be made
available, free of charge, on Albertsons website at www.albertsonscompanies.com.
Participants in Solicitation
The Company, Albertsons and their respective directors, executive
officers and employees and other persons may be deemed to be participants in the solicitation of proxies from the holders of Company
common stock in respect of the proposed transaction. Information regarding the Company’s directors and executive officers
is available in its definitive proxy statement for the Company’s 2017 annual meeting of stockholders filed with the SEC on
June 7, 2017, as modified or supplemented by any Form 3 or Form 4 filed with the SEC since the date of such definitive proxy statement.
Information about the directors and executive officers of Albertsons will be set forth in the Form S-4. Other information regarding
the interests of the participants in the proxy solicitation will be included in the proxy statement/prospectus when it becomes
available. These documents can be obtained free of charge from the sources indicated above. This communication shall not constitute
an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there
be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.