Grocery chain Albertsons to acquire Rite Aid

Grocery chain Albertsons plans to acquire the remainder of Rite Aid that isn't being sold to Walgreens Boots Alliance. The combined company will have a value of roughly $24 billion, including debt. The two will have about 4,900 locations, 4,350 pharmacy counters and 320 clinics Grocery chain Albertsons announced plans Tuesday to acquire Rite Aidin a cash and stock deal, as the traditional grocery industry continues to look for growth by broadening offerings, not just store base. A combined Albertsons and Rite Aid would have a value of roughly $24 billion, including debt. When the deal closes, Albertsons shares will trade on the New York Stock Exchange. Albertsons in 2015 filed an IPO it had

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