Without Albertsons, Rite Aid is most likely doomed. The stores they kept were either ones they couldn't unload or stores in the core regions. There would be too much competition in those core regions from CVS and Walgreens to sell anything left to them. I wonder if Fred's is still interested....pseudo3d wrote: ↑August 10th, 2018, 6:33 am What I meant was mostly deals in the West Coast, like Albertsons taking over side-by-side Rite Aid locations, or Albertsons selling excess stores to Rite Aid (mostly acquired in the Haggen deal, though there are a few East Coast stores I can imagine that too). Not like expanding to Michigan or something like that.
pseudo3d wrote: ↑August 10th, 2018, 6:33 am There wouldn't be much left of Albertsons/Safeway unfortunately, and the other markets are too small to get a chunk out of. Houston is a market in particular that isn't doing much but won't do much good to sell, with a lot of the valuable properties already closed or sold (LLC did a number on their divisions they owned). Spinning off the manufacturing arm I imagine would be the next step if things are going that way. As for debt, I believe they took on a bunch of debt to buy Rite Aid, and since it's not happening, they need to pay that back pronto.
The manufacturing arm is another of the so-called crown jewels. Selling it would reduce the value of the company in an IPO, and I don't see that happening.
The vast majority of the debt they were going to take on to purchase Rite Aid should be offset by any penalties, since it was Rite Aid who terminated the agreement. Unless, of course, Albertsons forgot about that....