Wal-Mart Sues Former Employee for Breach of Contract
Bentonville, Ark., Asuit filed yesterday in Benton County Circuit Court alleges that former Wal-Mart business analyst David F. Smith, who resigned last Monday, e-mailed RFID data confidential to the retailer.
Included in the e-mails, allegedly transmitted between July 27 and Sept. 7, were pricing and cost information, future planning and strategy considerations and budget information, the complaint states. Wal-Mart is requesting a temporary restraining order to prevent the information from being used.
Wal-Mart is seeking unspecified monetary damages from Smith.
Family Dollar Announces 10 Million Share Repurchase
Matthews, N.C., Family Dollar Stores announced on Tuesday it has executed an overnight share repurchase transaction for the acquisition of 10 million shares, or approximately 6%, of the company’s outstanding common stock for an initial purchase price of $19.97 per share through Bank of America.
Walgreen Co. to Buy Infertility Specialty Pharmacy
Deerfield, Ill., Walgreens Health Services, the managed-care division of Walgreen Co., has agreed to acquire N.J.-based Schraft’s A Specialty Pharmacy LLC. The family-owned pharmacy is one of the nation’s leading providers of advanced fertility medications and services. Terms of the agreement were not disclosed. The acquisition is expected to close later this year, pending regulatory approval.
“We’re excited to reach this agreement with Schraft’s and look forward to making their services accessible to Walgreens pharmacy patients,” said Ron Weinert, VP of patient services, Walgreens Health Services.