Albertsons & Rite Aid to Merge

Albertsons and Rite Aid have come to an agreement on a $24 billion merger deal, creating a combined company which will operate approximately 4,900 locations across 38 states. Expected to close in the second half of this year, one motivation behind the move may be to create a better defense against growing e-commerce competition. To see more potential benefits of the merger, check out the full article from Chain Store Age by following the below link.

https://www.chainstoreage.com/finance-0/rite-aid-acquired-albertsons/