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Albertsons-Rite Aid

Albertsons, Rite Aid unveil merger’s strategies and synergies

Albertsons, Rite Aid unveil merger’s strategies and synergies

BOISE, Idaho — Albertsons Cos. and Rite Aid Corp. on Tuesday hosted a joint analyst event to discuss the strategic and financial benefits of the proposed merger transaction between the two companies. Announced in late February, the merger will join the nation’s second-largest supermarket operator with its third-largest drug chain. Overall, the company will generate

More Rite Aid stores transferred to Walgreens

More Rite Aid stores transferred to Walgreens

CAMP HILL, Pa. — Rite Aid Corp. is winding down its asset sale to Walgreens Boots Alliance (WBA) with the ownership transfer of 537 more stores. Rite Aid said Tuesday that as of March 2, it has transferred 1,651 stores and related assets to WBA for cash proceeds of $3.6 billion. The process has progressed

Albertsons-Rite Aid a good match, despite snags

Albertsons-Rite Aid a good match, despite snags

Albertsons Cos.’ deal to acquire Rite Aid Corp. looks to be a “win-win for both companies,” yet the merger wouldn’t be a cakewalk to see through successfully, observes Diana Sheehan, director of research and insights at retail specialist Kantar Consulting. On the plus side, both Albertsons and Rite Aid would benefit via increased scale and complementary