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
We in the food industry are well aware of the consumer turn toward healthier choices in dining. Whether eating out, getting carry-out or cooking at home, the American consumer has been driving changes in the retail food market and food services by actively seeking out cleaner and healthier options, with a more transparent supply chain.
BOISE, Idaho — Albertsons Cos. has withdrawn its plan for an initial public offering. In its filing with the Securities and Exchange Commission, Albertsons noted that the registration statement for the offering was originally filed by the company on July 8, 2015, and was most recently amended on November 8, 2017. Albertsons said in its
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 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