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Rite Aid, Albertsons Move Closer To Merger

Rite Aid said that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, in connection with its previously announced merger with Albertsons, expired on March 28.

The expiration of the waiting period under the HSR Act satisfies one of the conditions to the closing of the merger, which remains subject to other customary closing conditions, including but not limited to the approval of Rite Aid’s stockholders.

“The expiration of the HSR waiting period is an important step toward completing the proposed transaction with Albertsons which will create a truly differentiated leader in food, health and wellness to meet the evolving needs of customers,” said John Standley, Rite Aid chairman and CEO. “We remain focused on combining our two organizations to drive growth, profitability and long-term shareholder value.”