Albertsons wants to scoop up rite aid. the deal announced tuesday will create a new company with about $83 billion in annual sales and 4,900 locations across the country. albertsons and rite aid didn't disclose the value of the agreement. albertsons is privately held and rite aid is a public company. Grocer albertsons cos. will buy drugstore chain rite aid corp. in a deal that would accelerate the remaking of the u.s. retail and health-care industries.. Cowen makes the case as to why amazon should acquire rite aid as it eyes the pharmaceutical market..
Rite aid corporation (nyse:rad) investors certainly haven’t been faced with a shortage of things to chew on of late. the failure of walgreen’s initial plan to outright acquire all shares of rad stock in 2015 followed by the no-go on 2016’s revised plan to only buy 2,186 rite aid units — wba is now only. For quite some time, there was speculation around rite aid being a potential acquisition target for walgreens. earlier in march this year, we published a post on why we think walgreens might consider acquiring rite aid.. U.s. grocer albertsons cos inc said it would buy drug store chain rite aid corp (rad.n) to create a company with $83 billion in annual revenue, giving it more clout to compete with bigger chains in an industry fearing the entry of amazon.com (amzn.o)..
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