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Non-Tech : Rite-AID (RAD) Overdone or Done In? -- Ignore unavailable to you. Want to Upgrade?

To: Marty Rubin who wrote (568)	2/20/2001 6:52:45 PM
From: Marty Rubin	Read Replies (1) \| Respond to of 700

20-Feb-2001 8:00-- [B] Repeats: Rite Aid to sell 5.4 mln Advance PCS shrs -- By Ted Knutson, BridgeNews Washington--Feb. 16--Rite Aid plans to sell 5.434 million AdvancePCS shares in an offering, according to a Securities and Exchange Commission filing Friday. AdvancePCS will be receiving no proceeds from the offering. * * * Merrill Lynch and Banc of America are the co-lead underwriters, with participation from Credit Suisse First Boston, JP Morgan, CIBC World Markets and Robinson-Humphrey. The underwriters over-allotment will be up to 652,000 shares for the U.S. underwriters and 163,000 shares for the international underwriters. Irving, Texas-based AdvancePCS conducts pharmacy and health management services for managed care plans covering nearly one out of every four Americans. AdvancePCS closed Friday at 49 1/8, up 1/2, on volume of 412,000 shares. Rite Aid closed Friday at $4.43, down five cents, on volume of 1.7 million shares. End [Begin BridgeLinks] Ted Knutson, BridgeNews, Tel. (202) 220-3762/3809 Send comments to debt@bridge.com [End BridgeLinks] Copyright 2001 Bridge Information Systems Inc. All rights reserved. _______________ While at it, here's after-our trades for RAD (Source: Telerate Plus) 119 18.31 T PRUS 350 (N) 16.45 B AURT 113 16.28 S FBCO 100 16.22 S FBCO 900 (N) 16.11 T CANT 2500 (N) 16.10 B PIPR 200 (N) 16.10 C PIPR 10 (M) 16.08.33 T 220 (N) 16.02 S SCHB ___RAD closed @ $4.56; ADVP 46 9/16. To calculate RAD's csh-take in this offering, deduct at least ~7% i-bank from offering price (i assume will be knows in a month or two). add other expenses (roadshow, etc).

To: Marty Rubin who wrote (568)	2/27/2001 8:15:08 PM
From: Marty Rubin	Read Replies (2) \| Respond to of 700

"AdvancePCS Announces Proposed Private Placement" Tuesday February 27, 4:55 pm Eastern Time Press Release AdvancePCS Announces Proposed Private Placement IRVING, Texas--(BW HealthWire)--Feb. 27, 2001--AdvancePCS (Nasdaq: ADVP - news) Tuesday announced that it intends to offer approximately $200 million of notes. The offering will be made by means of an offering memorandum to qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended, and is expected to close in March. AdvancePCS will use the net proceeds from the offering to repay existing senior subordinated indebtedness. The securities to be offered in the private placement will not be registered under the Securities Act of 1933, as amended, or applicable state securities laws, and may not be offered or sold absent registration under the Securities Act and applicable state securities laws or applicable exemptions from registration requirements. AdvancePCS (www.advancepcsrx.com) is the nation's largest independent provider of health improvement services, touching the lives of more than 75 million health plan members and managing more than $20 billion annually in prescription drug spending. The company offers health plans a wide range of health improvement products and services designed to improve the quality of care delivered to health plan members. Any statements included in this press release which are not historical facts and which concern predictions of economic performance and management's plans and objectives constitute forward-looking statements under the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which would cause or contribute to such differences include, but are not limited to, factors detailed in the company's Securities and Exchange Commission filings. -------------------------------------------------------------------------------- Contact: AdvancePCS, Scottsdale, Ariz. Blair Jackson, 480/391-4138 URL: biz.yahoo.com