Flash Report 3 minutesRegister for Free AccessAlbertsons Companies to Acquire the Remainder of Rite Aid for a Combined Value of $24 Billion Coresight Research February 21, 2018 Executive Summary Albertsons and Rite Aid announced a definitive merger agreement under which privately held Albertsons will merge with publicly traded Rite Aid. Rite Aid and Albertsons have a combined value of around $24 billion, including debt, according to the companies. Rite Aid comprises thousands of drugstores and a benefits management company with millions of members and is in the process of selling a chunk of its stores to Walgreens. The transaction would create a company with $83 billion in revenue and enable Albertsons to go public after more than a decade of private equity ownership. The merger is expected to close early in the second half of calendar year 2018, subject to shareholder approval and other approvals. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Retail Around the World: Coresight Research Observations, 3Q23Essentials In-Store, Discretionary Online: China Consumer Survey InsightsWhere Do Shoppers Cross the Aisle?: US Consumer Tracker Extra, May 2023Weekly US and UK Store Openings and Closures Tracker 2023, Week 47: US Store Closures Jump by Three-Quarters