-WSJ
Albertsons Companies. plans to buy the rest of Rite Aid Corp. that isn’t being sold to Walgreens Boots Alliance Inc. as retailers of all stripes scramble to respond to a rapidly changing consumer shopping landscape.
The companies together have a value of around US$ 24 billion. Rite-AID, comprising thousands of drug stores across the US and a benefits-management company with millions of members, has a market value of about US$2.5 billion, is in the process of selling a chuk of its business to an alliance between Walgreens and UK giant Boots.
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