Albertsons will acquire a majority of the Rite-Aid drugstore chain in a cash-and-stock deal, adding crucial scale to the grocer’s pharmacy operations. Walgreens is already in the process of acquiring about 2,000 Rite-Aid stores, while pharmacies in Albertsons locations will move to the Rite-Aid brand.
Read the Bloomberg story here
Wednesday, February 21, 2018
Albertsons will acquire most Rite Aid drugstores
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