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Jewel-Osco owner Albertsons to buy drugstore chain Rite Aid

One year ago   |   By

Albertsons, which owns Jewel-Osco, Safeway and other grocery chains, will buy drugstore chain Rite Aid in a deal that would accelerate the remaking of the U.S. retail and health-care industries. The takeover serves several purposes. Rite Aid will get a buyer after federal regulators nixed a deal...
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Grocer Albertsons eyes Rite Aid deal in health care push

One year ago   |   By

The owner of Safeway and other grocery brands is buying the drugstore chain Rite Aid as retailers continue to plunge deeper into health care and adjust to swiftly changing shopping habits. Albertsons Companies executives said Tuesday that their purchase of Rite Aid's more than 2,500 remaining stores will help the combined company become a "leader in food, health and wellness."
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Jewel-Osco parent to buy Rite Aid

One year ago   |   By

The deal would accelerate the remaking of the U.S. retail and health care industries.
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Grocery store chain Albertsons to buy Rite Aid

Grocery store chain Albertsons to buy Rite Aid

One year ago   |   By

WGAL News 8
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Albertsons to buy Rite Aid in cash-and-stock drugstore deal

One year ago   |   By

Grocer Albertsons will buy drugstore chain Rite Aid in a deal that would accelerate the remaking of the U.S. retail and health-care industries.The takeover serves several purposes. Rite Aid will get a buyer after a failed merger with another chain last year. Albertsons will add new locations and size amid increasing pressure from online...
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Term Sheet - Tuesday, February 20

One year ago   |   By

IT'S ALL RITE Good morning, Term Sheet readers.
Hope you enjoyed the long weekend. Here's the story everyone is talking about today:
RETAIL WARS: Albertsons strikes again. The national grocery chain announced it will purchase the part of Rite Aid that isn't being sold to Walgreens Boots Alliance. The two companies will have a combined value of around $24 billion, including debt. Albertsons, which owns Safeway and 19 other supermarket chains, would hold roughly 71% of the combined company, while Rite Aid investors would own the rest.
Why does this matter?
For one, it's mutually beneficial...
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Grocery retailer Albertsons to buy drugstore chain Rite Aid

One year ago   |   By

The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share...
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Acme owner to buy drugstore chain Rite Aid

One year ago   |   By

The privately held owner of Safeway, Acme, and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain.
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Grocery retailer to buy drugstore chain Rite Aid

Grocery retailer to buy drugstore chain Rite Aid

One year ago   |   By

The owner of Safeway, Vons and other grocery brands is buying the nation's third-largest drugstore chain.
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