Albertsons Cos. and Rite Aid Corp. announced Tuesday plans to merge, forming a single retail giant with $83 billion in annual revenue. The combined company will have 4,900 locations, 4,350 pharmacy counters and 320 clinics across 38 states and Washington, D.C. Under the deal, most Albertsons pharmacies will be rebranded as Rite Aid (NYSE: RAD), while the company continues to operate Rite Aid stand-alone locations. The company will be dual headquartered in Camp Hill, Pa. (home of Rite Aid) and Boise,…
from https://www.bizjournals.com/baltimore/news/2018/02/20/safeway-parent-albertons-buying-rite-aid.html?ana=RSS&s=article_search
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