John Standley Archives
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Albertsons And Rite Aid Terminating Their Merger Agreement

Albertsons Cos. Inc. and Rite Aid Corp. have mutually agreed to terminate their previously announced plans to merge. In a statement, Albertsons said it believes that the strategic rationale of the Rite Aid combination was compelling, including the $375 million of cost synergies and $3.6 billion of identified revenue opportunities. “We disagree with the conclusion […]