Kelly Manufacturing

Pennsylvania Ag News Headlines
Rite Aid Announces Proposed Merger to Alberstons
Pennsylvania Ag Connection - 07/12/2018

Rite Aid Corporation, Camp Hill, Pa., announced that it has issued a letter to shareholders in connection with its proposed merger with Albertsons Companies Inc. ("Albertsons"). The letter details the merits of the proposed merger with Albertsons and highlights the Company's recommendation that shareholders vote FOR the transaction.

The full letter to shareholders is available at and the text is included below.

Rite Aid will hold a Special Meeting of Stockholders on Aug.9 to vote on the proposed merger with Albertsons Companies.

Company officials wrote in a letter to stockholders, "As the retail healthcare landscape continues to evolve, we have taken critical steps to improve Rite Aid's competitive position through our innovative Wellness store format, enhanced customer loyalty program and expanded health and wellness offerings. We have also had robust discussions over the past several years, including with an extensive list of third parties, around a range of strategic options and considered Rite Aid's strategic position as an independent enterprise. Our work has led us to conclude that the merger with Albertsons is the best way to achieve our key strategic priorities of growing front-end sales, serving as a trusted advisor to our pharmacy customers, building a winning value proposition for payors and providers, and delivering compelling long-term value to our shareholders._

Send this article to a friend

Other Pennsylvania Headlines
Cloverdale TMR Mixers
Superb Horticulture
Copyright 2019 - All Rights Reserved.