Friday, March 30, 2018

Albertsons clears anti-trust hurdle in Rite Aid deal

Chain Store Age

Albertsons is one step closer to acquiring Rite Aid.

Rite Aid Thursday morning announced that the HSR waiting period (under the Hart-Scott-Rodino Antitrust Improvements Act of 1976) in connection with its previously announced merger with Albertsons, expired this midnight past.

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 the approval of Rite Aid’s stockholders.. . . more