RITE AID CORP
SC 13G, 1994-02-10
DRUG STORES AND PROPRIETARY STORES
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 1                                                    PAGE   1   of   12

                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

SCHEDULE 13G.  INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13D-1(B) AND AMENDMENTS THERETO FILED PURSUANT TO 13D-2(B)

                                 SCHEDULE 13G

                   Under the Securities Exchange Act of 1934
                             (Amendment No.   )*
                                           ---

                            RITE AID CORPORATION
                            --------------------
                               (Name of Issuer)

                                   COMMON
                         ----------------------------
                        (Title of Class of Securities)

                                  767754104
                                -------------
                                (CUSIP Number)

      Check the following box if a fee is being paid with this statement.  (A
fee is not required only if the filing person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)       /X/

      *The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior page.

      The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see Notes).



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 2                                                    PAGE   2   of   12

                             CUSIP No. 767754104

(1)   Names of Reporting Persons.  S.S. or I.R.S. Identification Nos. of Above
      Persons

      INVESCO PLC
      No. S.S. or I.R.S. Identification Number

(2)   Check the Appropriate Box if a Member           (a)   / /
      of a Group (See Instructions)                   (b)   /X/

(3)   SEC Use Only

(4)   Citizenship or Place of Organization

      England

Number of Shares              (5)   Sole Voting Power
Beneficially                        None
Owned by                      (6)   Shared Voting Power
Each Reporting                      6,627,950
Person With                   (7)   Sole Dispositive Power
                                    None
                              (8)   Shared Dispositive Power
                                    6,627,950
(9)   Aggregate Amount Beneficially Owned by Each Reporting Person
      6,627,950

(10)  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
      (See Instructions)      / /

(11)  Percent of Class Represented by Amount in Row (9)
      7.5%

(12)  Type of Reporting Person (See Instructions)

      H.C.


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 3                                                    PAGE   3   of   12

                             CUSIP No. 767754104

(1)   Names of Reporting Persons.  S.S. or I.R.S. Identification Nos. of Above
      Persons

      INVESCO North American Group, Ltd.
      No. S.S. or I.R.S. Identification Number

(2)   Check the Appropriate Box if a Member           (a)   / /
      of a Group (See Instructions)                   (b)   /X/

(3)   SEC Use Only

(4)   Citizenship or Place of Organization

      England

Number of Shares              (5)   Sole Voting Power
Beneficially                        None
Owned by                      (6)   Shared Voting Power
Each Reporting                      5,825,950
Person With                   (7)   Sole Dispositive Power
                                    None
                              (8)   Shared Dispositive Power
                                    5,825,950
(9)   Aggregate Amount Beneficially Owned by Each Reporting Person
      5,825,950

(10)  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
      (See Instructions)      / /

(11)  Percent of Class Represented by Amount in Row (9)
      6.6%

(12)  Type of Reporting Person (See Instructions)

      H.C.


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 4                                                    PAGE   4   of   12

                             CUSIP No. 767754104

(1)   Names of Reporting Persons.  S.S. or I.R.S. Identification Nos. of Above
      Persons


      INVESCO, Inc.
      I.R.S.  I.D. No. 58-1995394

(2)   Check the Appropriate Box if a Member           (a)   / /
      of a Group (See Instructions)                   (b)   /X/

(3)   SEC Use Only

(4)   Citizenship or Place of Organization

      State of Delaware

Number of Shares              (5)   Sole Voting Power
Beneficially                        None
Owned by                      (6)   Shared Voting Power
Each Reporting                      5,825,950
Person With                   (7)   Sole Dispositive Power
                                    None
                              (8)   Shared Dispositive Power
                                    5,825,950
(9)   Aggregate Amount Beneficially Owned by Each Reporting Person
      5,825,950

(10)  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
      (See Instructions)      / /

(11)  Percent of Class Represented by Amount in Row (9)
      6.6%

(12)  Type of Reporting Person (See Instructions)

      H.C.



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 5                                                    PAGE   5   of   12

                             CUSIP No. 767754104

(1)   Names of Reporting Persons.  S.S. or I.R.S. Identification Nos. of Above
      Persons

      INVESCO North American Holdings, Inc.
      I.R.S.  I.D. No.  51-0264787

(2)   Check the Appropriate Box if a Member           (a)   / /
      of a Group (See Instructions)                   (b)   /X/

(3)   SEC Use Only


(4)   Citizenship or Place of Organization

      State of Delaware

Number of Shares              (5)   Sole Voting Power
Beneficially                        None
Owned by                      (6)   Shared Voting Power
Each Reporting                      5,825,950
Person With                   (7)   Sole Dispositive Power
                                    None
                              (8)   Shared Dispositive Power
                                    5,825,950
(9)   Aggregate Amount Beneficially Owned by Each Reporting Person
      5,825,950

(10)  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
      (See Instructions)      / /

(11)  Percent of Class Represented by Amount in Row (9)
      6.6%


(12)  Type of Reporting Person (See Instructions)

      H.C.


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 6                                                    PAGE   6   of   12


                           CUSIP No. 767754104

(1)   Names of Reporting Persons.  S.S. or I.R.S. Identification Nos. of Above
      Persons

      INVESCO Capital Management, Inc. (formerly known as INVESCO MIM, Inc.)
      I.R.S.  I.D. No.  58-1707262

(2)   Check the Appropriate Box if a Member           (a)   / /
      of a Group (See Instructions)                   (b)   /X/

(3)   SEC Use Only


(4)   Citizenship or Place of Organization

      State of Delaware

Number of Shares              (5)   Sole Voting Power
Beneficially                        None
Owned by                      (6)   Shared Voting Power
Each Reporting                      5,651,600
Person With                   (7)   Sole Dispositive Power
                                    None
                              (8)   Shared Dispositive Power
                                    5,651,600
(9)   Aggregate Amount Beneficially Owned by Each Reporting Person
      5,651,600

(10)  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
      (See Instructions)      / /

(11)  Percent of Class Represented by Amount in Row (9)
      6.4%

(12)  Type of Reporting Person (See Instructions)

      I.A.



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 7                                                    PAGE   7   of   12


ITEM 1 (A)       NAME OF ISSUER:
                  Rite Aid Corporation

ITEM 1 (B)       ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
                  30 Hunter Lane
                  Camp Hill, PA 17011

ITEM 2 (A)       NAME OF PERSON(S) FILING:

                  INVESCO PLC

ITEM 2(B)        ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
                 RESIDENCE:

                  11 Devonshire Square
                  London EC2M 4YR
                  England

ITEM 2 (C)       CITIZENSHIP:

                  Organized under the laws of England

ITEM 2 (D)       TITLE OF CLASS OF SECURITIES

                  Common Stock

ITEM 2 (E)       CUSIP NUMBER:  767754104

ITEM 3           IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B) OR
                  13D-2(B), CHECK WHETHER THE PERSON FILING IS A:

        (a)       / /   Broker or Dealer registered under Section 15 of the
                        Act.
        (b)       / /   Bank as defined in Section 3(a)(6) of the Act.
        (c)       / /   Insurance Company as defined in Section 3(a)(19) of
                        the Act.
        (d)       / /   Investment Company registered under Section 8 of the
                        Investment Company Act.
        (e)       / /   Investment Adviser registered under Section 203 of the
                        Investment Advisers Act of 1940.
        (f)       / /   Employee Benefit Plan, Pension Fund which is subject
                        to provisions of Employee Retirement Income Security
                        Act of 1974 or Endowment Fund;  see Rule
                        13d-1(b)(1)(ii)(F).
        (g)       /X/   Parent Holding Company in accordance with Rule
                        13d-1(b)(ii)(G).
        (h)       / /   Group, in accordance with Rule 13d-1(b)(1)(ii)(H).


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 8                                                    PAGE   8   of   12



ITEM 4  (A) - (C) OWNERSHIP:

            The information in items 1 and 5-11 on the cover pages (pp 2-6) of
            this statement on Schedule 13G is hereby incorporated by
            reference.

            The reporting persons expressly declare that the filing of this
            statement on Schedule 13G shall not be construed as an admission
            that they are, for the purposes of Section 13(d) or 13(g) of the
            Securities and Exchange Act of 1934, the beneficial owners of any
            securities covered by this statement.

ITEM 5     OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS         / /

            Not Applicable

ITEM 6     OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

            The reporting persons hold the securities covered by this report
            on behalf of other persons who have the right to receive or the
            power to direct the receipt of dividends from, or the proceeds
            from the sale of such securities.  The interest of any such
            persons does not exceed 5% of the class of securities.

ITEM 7      IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARIES WHICH
            ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
            COMPANY:

             X  INVESCO North American Group, Ltd - holding company in
            ---   accordance with Rule 13d-1(b)(ii)(G)
             X  INVESCO, Inc. - holding company in accordance with Rule
            ---   13d-1(b)(ii)(G)
             X  INVESCO North American Holdings, Inc. - holding company also
            ---   in accordance with Rule 13d-1(b)(ii)(G)
             X  INVESCO Capital Management, Inc. - investment adviser
                  registered under Section 203 of the Investment Advisers Act
                  of 1940.
            --- INVESCO Funds Group, Inc. - investment adviser registered
                  under Section 203 of the Investment Advisers Act of 1940.
             X  INVESCO Management & Research, Inc. - investment adviser
            ---   registered under Section 203 of the Investment Advisers Act
                  of 1940.
             X  INVESCO MIM Management Limited -  investment adviser
            ---   organized in England.

            Subsidiaries not indicated with (X) have acquired no shares of
            security being reported on.

ITEM 8   IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP.

            Not applicable.

ITEM 9     NOTICE OF DISSOLUTION OF GROUP.

                  Not applicable.


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 9                                                    PAGE   9   of   12


ITEM 10          CERTIFICATION:

                  By signing below, I certify that, to the best of my
                  knowledge and belief, the securities referred to above were
                  acquired in the ordinary course of business and were not
                  acquired for the purpose of and do not have the effect of
                  changing or influencing the control of the issuer of such
                  securities and were not acquired in connection with or as a
                  participant in any transaction having such purposes or
                  effect.

                                   SIGNATURE



After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and
correct.



                              Date : February 10, 1994


                              /s/ Michael S. Perman
                              ____________________________________________
                              Michael S. Perman,
                              as Company Secretary for each of
                              INVESCO PLC and
                              INVESCO North American Group, Ltd.



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 10                                                      PAGE   10  of 12

ITEM 10          CERTIFICATION:

                  By signing below, I certify that, to the best of my
                  knowledge and belief, the securities referred to above were
                  acquired in the ordinary course of business and were not
                  acquired for the purpose of and do not have the effect of
                  changing or influencing the control of the issuer of such
                  securities and were not acquired in connection with or as a
                  participant in any transaction having such purposes or
                  effect.

                                   SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and
correct.



                              Date: February 10, 1994



                              /s/ Penelope P. Alexander
                              ____________________________________________
                              Penelope P. Alexander, Secretary
                              INVESCO, Inc.



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 11                                                      PAGE   11  of 12

ITEM 10          CERTIFICATION:

                  By signing below, I certify that, to the best of my
                  knowledge and belief, the securities referred to above were
                  acquired in the ordinary course of business and were not
                  acquired for the purpose of and do not have the effect of
                  changing or influencing the control of the issuer of such
                  securities and were not acquired in connection with or as a
                  participant in any transaction having such purposes or
                  effect.

                                   SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and
correct.



                              Date: February 10, 1994


                              /s/ Dan J. Hesser

                              ____________________________________________
                              Dan J. Hesser, Secretary
                              INVESCO North American Holdings, Inc.




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 12                                                       PAGE   12  of 12

ITEM 10          CERTIFICATION:

                  By signing below, I certify that, to the best of my
                  knowledge and belief, the securities referred to above were
                  acquired in the ordinary course of business and were not
                  acquired for the purpose of and do not have the effect of
                  changing or influencing the control of the issuer of such
                  securities and were not acquired in connection with or as a
                  participant in any transaction having such purposes or
                  effect.

                                   SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and
correct.



                              Date: February 10, 1994



                              /s/ Penelope P. Alexander

                              ____________________________________________
                              Penelope P. Alexander, Secretary
                              INVESCO Capital Management, Inc.
                              (formerly known as INVESCO MIM, Inc.)



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