Albertsons and Rite Aid Will Not Merge

Albertsons and Rite Aid have scrapped plans to move “because of pushback from shareholders who complained it undervalued Rite Aid,” according to CNN Money.

If the merger had gone through, a new company would have been formed with about $83 billion in annual sales and 4,900 locations in the U.S.

Source: Albertsons and Rite Aid scrap plans to merge

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