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Rite Aid, Albertsons Call Off Merger In Eleventh Hour

  • Forbes, Thursday, August 9, 2018 8 AM

Less than 24 hours before shareholders were scheduled to vote on the deal, Rite Aid and Albertsons appear to have gotten cold feet over a proposed merger. The deal would have resulted in a combined company with 319 health clinics and 4,345 pharmacies. Opposition by stockholders and proxy advisors included the assertion that Albertsons undervalued Rite Aid’s pharmacy benefits management company, EnvisionRx.

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