Rite Aid said last week that the “waiting period under the Hart-Scott-Rodino Antitrust Improvements Act” has expired, which puts it one step closer to final approvals of its acquisition by Albertsons, expected to be completed later this year.
"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," Rite Aid chairman/CEO John Standley said in a prepared statement. “We remain focused on combining our two organizations to drive growth, profitability and long-term shareholder value.”
"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," Rite Aid chairman/CEO John Standley said in a prepared statement. “We remain focused on combining our two organizations to drive growth, profitability and long-term shareholder value.”
- KC's View:
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Better move fast. Walmart could own Humana by the time this is approved. The world is changing.
