ev3ryth1ng t4k3n
14 years ago
Will they make Walgreens pay more?
Murray, Frank & Sailer LLP Investigates Breaches of Fiduciary Duty Regarding Acquisition of drugstore.com, inc. by Walgreen Co.
3:27 pm ET 03/24/2011 - Business Wire
NEW YORK--(BUSINESS WIRE)--Mar. 24, 2011-- Murray, Frank & Sailer LLP is investigating claims of breach of fiduciary duty by certain members of the board of directors of drugstore.com, inc. (NASDAQ: DSCM) (βdrugstore.comβ or the βCompanyβ) in relation to the acquisition of the Company by Walgreen Co. (βWalgreenβ).
On March 24, 2011, drugstore.com and Walgreen announced that Walgreen will acquire drugstore.com pursuant to a transaction under which drugstore.com stockholders will receive $3.80 in exchange for each share of drugstore.com common stock, an aggregate value of approximately $409 million. The transaction is expected to close in July 2011.
The investigation concerns whether certain members of the board of directors breached their fiduciary duty in connection with their efforts to sell drugstore.com to Walgreen at an inadequate price through an unfair process which significantly undervalues the Company. In particular, as recently as May 2010, drugstore.com shares traded as high as $3.91 per share. For this and other reasons, Murray Frank is investigating whether the acquisition price will fairly compensate drugstore.com shareholders.
If you are a current investor in drugstore.com, who purchased DSCM shares before March 24, 2011, and you wish to discuss this investigation or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Bridget Hamill at (800) 497-8076 or (212) 682-1818, or by email at investigations@murrayfrank.com.
Source: Murray, Frank & Sailer LLP
Murray, Frank & Sailer LLPBridget Hamill, 800-497-8076212-682-1818investigations@murrayfrank.comwww.murrayfrank.com
Thoughts on lawsuit?
pwise
14 years ago
drugstore.com, inc. to Announce Fourth Quarter and Full Year 2010 Results During Conference Call on Tuesday, February 8, 2011
drugstore.com, inc. to Announce Fourth Quarter and Full Year 2010 Results During Conference Call on Tuesday, February 8, 2011
Should be interesting. 37% institutional owning the sec.
ICEQUITY
14 years ago
VIPPS approved (DSCM), Drugstore.com accreditation date September 10, 1999 (Verified Internet Pharmacy Practice Sites)
is a strong indicator of an Internet pharmacyβs compliance with state and federal laws and regulations and NABP's criteria. Online retailers of prescription drugs who seek VIPPS accreditation know that they will benefit from NABPβs recognized credibility and the decade-old VIPPS program and Seal. The VIPPS Seal demonstrates public accountability β it is also a symbol of a pharmacyβs commitment to its patientsβ health and safety.
The VIPPS accreditation process provides for ongoing evaluation of an Internet pharmacyβs practice. Internet pharmacies function in much the same way as traditional pharmacies and are subject to the same rules, regulations, and patient care requirements as brick-and-mortar pharmacies.
Rogue Online Sites
Unfortunately, because it is so easy to create a Web site, there are thousands of sites pretending to be legitimate online pharmacies. To date, NABP has reviewed nearly 7,000 sites β only 4% of those online sites appear to be in compliance with pharmacy laws and practice standards. Using these rogue sites puts patients at risk of receiving counterfeit or adulterated medications. VIPPS accreditation ensures that an Internet pharmacy is a bona fide pharmacy, and it is the best way for patients to determine that they are getting the quality care they deserve.
VIPPS Online Sites
To ensure public health, VIPPS accreditation requires an Internet pharmacy to comply with the licensing and survey requirements of its state and each state to which it dispenses pharmaceuticals. VIPPS-accredited pharmacies meet nationally endorsed standards of pharmacy practice, and they demonstrate compliance with standards of privacy and authentication and security of prescriptions, adhere to quality assurance policy, and provide meaningful consultation between patients and pharmacists.
VIPPS pharmacy sites display the VIPPS Seal on their Web sites. The Seal is a key benchmark for consumers to measure the quality of a pharmacyβs practice, and by clicking on the VIPPS Seal, they are able to access verified information about the pharmacy.
VIPPS Accreditation Process Overview
* Submit an application, required documentation, and specified fees to NABP
* NABP reviews policies and procedures to ensure adherence to VIPPS criteria
* NABP verifies the pharmacyβs license status
* NABP performs an on-site survey
VIPPS Accreditation Maintenance Overview
* Once accredited, an annual review and three-year reaccreditation are performed.
* To ensure continued compliance, all VIPPS-accredited sites are surveyed once every three years.
* Policies and procedures may be required to be submitted and re-reviewed as part of annual compliance requirements, reaccreditation, or if the scope of the pharmacy changes (ie, ownership, location, types of products offered.
ICEQUITY
14 years ago
VIPPS Accreditation drugstore.com (DSCM)
http://www.drugstore.com
Corporation
DS Pharmacy, Inc, a wholly owned subsidiary of drugstore.com, Inc Phone
425-372-3200
Address
411 108th Ave NE
Suite 1400
Bellevue, WA 98004
Dawn G. Lepore CEO
State of Incorporation DE
Experience Operating a Pharmacy Since Feb.1999
Dispensing Pharmacies
Pharmacy Name
drugstore.com
Address
407A Heron Drive
Swedesboro, NJ 08085 Click for Details
To report medication / device problems:
Click www.drugstore.com or call 800-drugstore
To report business compliance problems:
Click www.drugstore.com or call 800-drugstore
Original VIPPS Accreditation Date Expiration Date
September 10, 1999 September 10, 2011
magicluck
14 years ago
Should see the $3 dollar range soon.
drugstore.com, inc. (Nasdaq: DSCM), a leading online retailer of health, beauty, and vision products today announced that Cyber Monday set a new one day record for the number of customer orders. In addition to record order levels on drugstore.com and Beauty.com, customers made more mobile purchases than ever before, with mobile orders up nearly 400% year over year.
jhernandez
14 years ago
http://stocks.investopedia.com/stock-analysis/2010/This-Weeks-Activist-Filings-RSG-WM-BRK-B-DSCM-AMZN1117.aspx?partner=YahooSA
A Dot Com Bet
Discovery Equity Partners increased its position in Drugstore.com (Nasdaq:DSCM) by over 10%. In the last couple of weeks, Discovery bought over 800,000 shares at $1.58 - $1.69 each and now owns 8.7 million shares or 8.3% of the company. As the name implies, drugstore.com operates as an online provider of health, beauty, vision, and pharmacy products. In addition, the company has strategic agreements with Medco Health Solutions, Rite Aid Corporation, General Nutrition Corporation and Amazon.com (Nasdaq:AMZN). It is this relationship with Amazon.com that could be the most valuable.
With a market cap of $182 million, drugstore.com would make an easy acquisition target for Amazon. Amazon is known for eliminating its competition by buying them out. Last week, the company agreed to buy privately held Quidsi, which operates diapers.com, for nearly $600 million. Drugstore.com has no net debt and revenues of nearly $500 million. If Amazon operating structure can yield a decent profit rate from those sales, a buyout would not be that unlikely.