Albertsons Cos. plans to buy the rest of Rite Aid Corp. RAD 2.40% that isn’t being sold to Walgreens Boots Alliance Inc. WBA 1.63% as retailers of all stripes scramble to respond to a rapidly changing consumer shopping landscape.
The transaction would create a company with revenue of $83 billion and allow Albertsons to go public after more than a decade of ownership by private-equity giant Cerberus Capital Management LP.
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