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Rite Aid Corp.

Merger falls apart

CAMP HILL, Pa. — In the wake of their canceled merger agreement, Albertsons Cos. and Rite Aid Corp. confront very different challenges as they face the future. Albertsons’ board of directors declined to change the terms of its offer to Rite Aid shareholders in the face of mounting opposition from shareholder advisory services and major

Rite Aid, Albertsons agree to terminate merger

Rite Aid, Albertsons agree to terminate merger

CAMP HILL, Pa. – Rite Aid Corp. announced that it has mutually agreed with Albertsons Cos. to terminate their previously announced merger agreement. “While we believed in the merits of the combination with Albertsons, we have heard the views expressed by our stockholders and are committed to moving forward and executing our strategic plan as

Albertsons Cos. names Jim Donald president, COO

Albertsons Cos. names Jim Donald president, COO

BOISE, Idaho — Albertsons Cos. has tapped retail veteran Jim Donald, former president and chief executive officer of Starbucks, to serve as its new president and chief operating officer. In his new role, Donald will have responsibility for the operations of the retailers’ more than 2,300 stores and will help drive the growth of the

A powerful combo

BOISE, Idaho — Albertsons Cos. and Rite Aid Corp. plan to merge in a mostly stock transaction. If completed, the combination will create a company with pro forma revenues of about $83 billion, operating 4,900 stores, 4,350 pharmacy locations and 320 in-store health clinics in 38 states and the District of ­Columbia. The merger will

Albertsons-Rite Aid to be wellness powerhouse

Albertsons-Rite Aid to be wellness powerhouse

CAMP HILL, Pa. — The Albertsons Cos. merger with Rite Aid Corp. will create a “truly differentiated” player in the food, health and wellness space, John Standley, chairman and chief executive officer of Rite Aid, said in an interview. The Albertsons-Rite Aid merger deal, announced Tuesday, will transform Rite Aid through the addition of 1,800

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