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Albertsons, which already owns Safeway, buys Rite Aid

February 21, 2018 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

Grocer Albertsons will buy drugstore chain Rite Aid in a deal that would accelerate the remaking of the U.S. retail and health-care industries.

The takeover serves several purposes. Rite Aid will get a buyer after a failed merger with another chain last year. Albertsons, headquartered in Boise, will add new locations and size amid increasing pressure from online competitors. And the grocer’s private-equity owners will exit their 2013 investment without having to go through an initial public offering in a turbulent market.

http://www.oregonlive.com/business/index.ssf/2018/02/albertsons_which_already_owns.html#incart_river_index

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