Albertsons To Merge With Rite Aid In Deal Worth $24 Billion

Albertsons, under the private ownership of Cerberus Capital Management for over a decade, will become public once more as it announced plans Tuesday to merge with Rite Aid (RAD).

X The companies said the combined company will have a value of $24 billion, including debt. Rite Aid has a market value of $2.3 billion.

The deal comes after Walgreens Boots Alliance (WBA) gave up on an effort last year to buy all of Rite Aid due to regulatory objections, instead acquiring less than half of the...

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