Thursday 21 June 2018
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Reuters
4 months ago

Albertsons to buy Rite Aid as Amazon threat looms

(Reuters) - U.S. grocer Albertsons Cos Inc said it would buy drug store chain Rite Aid Corp to create a company with $83 billion in annual revenue, giving it more clout to compete with bigger chains in an industry fearing the entry of Amazon.Com .

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