8 August 2018 - Deborah Wilkes
Grocery chain Albertsons and pharmacy chain Rite Aid have called off their planned merger.
The news was announced the day before Rite Aid's stockholders were due to vote on the planned merger at a special meeting.
Rite Aid's chairman and chief executive officer John Standley said the company "believed in the merits of the combination with Albertsons" but had "heard the views expressed by its stockholders".
The merger, which was announced in February 2018, would have created a combined company with 4,350 pharmacy counters and annual sales of around USD83 billion (click here to read the News story).
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