Albertson's to have 37-state presence after $8.3 bil. American Stores acquisition.
This article was originally published in The Rose Sheet
Executive Summary
ALBERTSON's $8.3 BIL. ACQUISITION OF AMERICAN STORES will give the company a total of 1,820 pharmacies in 37 states, the Boise, Idaho-based firm said Aug. 3. The food/drug chain is acquiring the Salt Lake City-based food/drug chain American Stores for $8.3 bil. in stock and the assumption of $3.4 bil. in debt. Albertson's currently has 916 stores in 23 western, midwestern and southern states.