• Rite-Aid rips off the bandaid of Albertsons merger talks

    2 monthes ago - By Wall Street Survivor

    In a not so surprising move, Rite-Aid has tossed out plans to acquire Albertsons, and is seeing some immediate benefits from it, jumping about 3.5% at end of day. So why does this make sense?
    Looking back to January of 2017, Cerberus Capital lost a bid to Walgreens for the 865 drugstores that were up for sale by Rite-Aid. An interesting point of note, is that he placed the bid through Albertsons stores back then, and clearly has an interest in seeing the love child of Albertsons / Rite-Aid. Rite-Aid would have been a subsidiary of Albertsons, and there are some analysts who are looking at...
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