Albertsons grabs Rite Aid and how Kimco Realty is poised to be a Beneficiary.
Sources: Jessica Hartogs, (LinkedIn Daily Rundown); Lauren Thomas, (CNBC Retail Reporter) Albertsons is buying most of Rite Aid. Walgreens had previously tried to acquire the drugstore but the government blocked a full sale; the Rite Aid rival is now in the process of buying almost 2,000 stores instead. Albertsons will acquire the remainder, creating a company with a combined value of around $24 billion and annual revenue of roughly $83 billion. The merger will help both bran