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albertsons rite aid

Albertsons merging with Rite Aid

Deal will create $83 billion publicly traded “food, health and wellness leader”

Albertson Cos. and Rite Aid Corp. announced a definitive merger agreement today that will unite the companies into a new publicly traded entity with $83 billion in annual sales that will be the number-one integrated food and drug retailer on the West Coast, and a major player in the mid-Atlantic and Northeast.

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