Aug 9, 2018

Rite Aid and Albertsons cancel merger

A Rite Aid store

Photo: Getty Images

Pharmacy chain Rite Aid and grocery chain Albertsons are no longer looking to join forces, Reuters reports.

Between the lines: It's a rare step back from the brink in the health care industry, which is pursuing a spate of high-profile mergers in part due to fears that Amazon will soon be a competitor.

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