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The Wall Street Journal: Albertsons to buy remainder of Rite Aid

Albertsons Cos. plans to buy the rest of Rite Aid Corp. that isn’t being sold to Walgreens Boots Alliance Inc. as retailers of all stripes scramble to respond to a rapidly changing consumer shopping landscape.

The drugstore chain and Albertsons have a combined value of around $24 billion, including debt, the companies said Monday. Rite Aid RAD, +2.40% , which comprises thousands of drug stores and a benefits-management company with millions of members, has a market value of about $2.3 billion and is in the process of selling a chunk of its stores to Walgreens WBA, +1.63% .

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