Albertsons Companies, Inc. one of the nation’s largest grocery
retailers, and Rite Aid Corporation (NYSE:RAD), one of the nation's
leading drugstore chains, announced today that they will host a
joint analyst event on May 15, 2018. The management teams
of both companies will discuss the strategic and financial benefits
of the proposed merger transaction between Albertsons Cos. and Rite
Aid.
As previously announced on February 20, 2018, Albertsons Cos.
and Rite Aid announced a definitive merger agreement under which
privately held Albertsons Cos. will merge with publicly traded Rite
Aid.
In-person attendance is by invitation only; however, the event
will be webcast live beginning at 9 a.m. until approximately 2
p.m. ET. The webcast can be accessed in the Investor Relations
sections of www.albertsonscompanies.com and www.riteaid.com, along
with an accompanying presentation and will be available for replay
until the Rite Aid special stockholders meeting.
About Albertsons Companies
Albertsons Companies, Inc. is one of the largest food and drug
retailers in the United States, with both a strong local presence
and national scale. Albertsons Cos. operates stores across 35
states and the District of Columbia under 20 well-known banners
including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom
Thumb, Randalls, United Supermarkets, Pavilions, Star Market,
Haggen and Carrs, as well as meal kit company Plated based in New
York City. Albertsons Cos. is committed to helping people across
the country live better lives by making a meaningful difference,
neighborhood by neighborhood. In 2016 alone, along with the
Albertsons Companies Foundation, the company gave nearly $300
million in food and financial support. These efforts helped
millions of people in the areas of hunger relief, education, cancer
research and treatment, programs for people with disabilities and
veterans outreach.
About Rite Aid Corporation
Rite Aid Corporation (NYSE: RAD) is one of the nation's leading
drugstore chains with fiscal 2018 annual revenues of $21.5 billion.
The company also owns EnvisionRxOptions, a multi-faceted healthcare
and pharmacy benefit management (PBM) company supporting a
membership base of more than 22 million members; RediClinic, a
convenient care clinic operator with locations in Delaware, New
Jersey, Pennsylvania, Texas and Washington; and Health Dialog, a
leading provider of population health management solutions
including analytics, a multi-channel coaching platform and shared
decision-making tools. Information about Rite Aid, including
corporate background and press releases, is available through the
company's website at www.riteaid.com.
Important Notice Regarding Forward-Looking Statements
This communication contains certain “forward-looking statements”
within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934, both as amended by the Private Securities
Litigation Reform Act of 1995. Statements that are not historical
facts, including statements about the pending merger between Rite
Aid Corporation (“Rite Aid”) and Albertsons Companies, Inc.
(“Albertsons”) and the transactions contemplated thereby, and the
parties perspectives and expectations, are forward looking
statements. Such statements include, but are not limited to,
statements regarding the benefits of the proposed merger,
integration plans, expected synergies and revenue opportunities,
anticipated future financial and operating performance and results,
including estimates for growth and the expected timing of the
transactions contemplated by the merger agreement. The words
“expect,” “believe,” “estimate,” “intend,” “plan” and similar
expressions indicate forward-looking statements. These
forward-looking statements are not guarantees of future performance
and are subject to various risks and uncertainties, assumptions
(including assumptions about general economic, market, industry and
operational factors), known or unknown, which could cause the
actual results to vary materially from those indicated or
anticipated. Such risks and uncertainties include, but are not
limited to, risks related to the expected timing and likelihood of
completion of the pending merger, including the risk that the
transaction may not close due to one or more closing conditions to
the transaction not being satisfied or waived, such as regulatory
approvals not being obtained, on a timely basis or otherwise, or
that a governmental entity prohibited, delayed or refused to grant
approval for the consummation of the transaction or required
certain conditions, limitations or restrictions in connection with
such approvals, or that the required approval of the merger
agreement by the stockholders of Rite Aid was not obtained; risks
related to the ability of Albertsons and Rite Aid to successfully
integrate the businesses; the occurrence of any event, change or
other circumstances that could give rise to the termination of the
merger agreement (including circumstances requiring Rite Aid to pay
Albertsons a termination fee pursuant to the merger agreement); the
risk that there may be a material adverse change of Rite Aid or
Albertsons; risks related to disruption of management time from
ongoing business operations due to the proposed transaction; the
risk that any announcements relating to the proposed transaction
could have adverse effects on the market price of Rite Aid’s common
stock, and the risk that the proposed transaction and its
announcement could have an adverse effect on the ability of Rite
Aid to retain customers and retain and hire key personnel and
maintain relationships with their suppliers and customers and on
their operating results and businesses generally; risks related to
successfully integrating the businesses of the companies, which may
result in the combined company not operating as effectively and
efficiently as expected; the risk that the combined company may be
unable to achieve cost-cutting synergies or it may take longer than
expected to achieve those synergies; and risks associated with the
financing of the proposed transaction. A further list and
description of risks and uncertainties can be found in Rite Aid’s
Annual Report on Form 10-K for the fiscal year ended March 3, 2018
filed with the Securities and Exchange Commission (“SEC”) and in
the registration statement on Form S-4, as it may be amended, that
was filed with the SEC by Albertsons on April 6, 2018 in connection
with the proposed merger, and other documents that the parties may
file or furnish with the SEC, which you are encouraged to read.
Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may
vary materially from those indicated or anticipated by such
forward-looking statements. Accordingly, you are cautioned not to
place undue reliance on these forward-looking statements.
Forward-looking statements relate only to the date they were made,
and Rite Aid undertakes no obligation to update forward-looking
statements to reflect events or circumstances after the date they
were made except as required by law or applicable regulation.
Additional Information and Where to Find It
In connection with the proposed merger involving Rite Aid and
Albertsons, Rite Aid and Albertsons have prepared and Albertsons
has filed with the SEC on April 6, 2018 a registration statement on
Form S-4 that includes a proxy statement of Rite Aid that also
constitutes a prospectus of Albertsons. The registration statement
is not yet final and will be amended. Rite Aid will mail the proxy
statement/prospectus and a proxy card to each stockholder entitled
to vote at the special meeting relating to the proposed merger.
Rite Aid and Albertsons also plan to file other relevant documents
with the SEC regarding the proposed merger. INVESTORS ARE URGED TO
READ THE DEFINITIVE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES
AVAILABLE, AS WELL AS OTHER DOCUMENTS FILED WITH THE SEC, BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION. RITE AID’S EXISTING PUBLIC
FILINGS WITH THE SEC SHOULD ALSO BE READ, INCLUDING THE RISK
FACTORS CONTAINED THEREIN.
Investors and security holders may obtain copies of the Form
S-4, including the proxy statement/prospectus, as well as other
filings containing information about Rite Aid, free of charge, from
the SEC’s website (www.sec.gov). Investors and security holders may
also obtain Rite Aid’s SEC filings in connection with the
transaction, free of charge, from Rite Aid’s website
(www.RiteAid.com) under the link “Investor Relations” and then
under the tab “SEC Filings,” or by directing a request to Rite Aid,
Byron Purcell, Attention: Senior Director, Treasury Services &
Investor Relations. Copies of documents filed with the SEC by
Albertsons will be made available, free of charge, on the SEC’s
website (www.sec.gov) and on Albertsons’ website at
www.albertsonscompanies.com.
Participants in Solicitation
Rite Aid, Albertsons and their respective directors, executive
officers and employees and other persons may be deemed to be
participants in the solicitation of proxies from the holders of
Rite Aid common stock in respect of the proposed transaction.
Information regarding Rite Aid’s directors and executive officers
is available in its definitive proxy statement for Rite Aid’s 2017
annual meeting of stockholders filed with the SEC on June 7, 2017,
as modified or supplemented by any Form 3 or Form 4 filed with the
SEC since the date of such definitive proxy statement. Information
about the directors and executive officers of Albertsons is set
forth in the registration statement on Form S-4, including the
proxy statement/prospectus, as it may be amended, that has been
filed with the SEC on April 6, 2018. Other information regarding
the interests of the participants in the proxy solicitation may be
included in the definitive proxy statement/prospectus when it
becomes available. These documents can be obtained free of charge
from the sources indicated above.
Non-Solicitation
This communication shall not constitute an offer to sell or the
solicitation of an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offer of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended.
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version on businesswire.com: https://www.businesswire.com/news/home/20180514005590/en/
For Albertsons CompaniesINVESTORS:Melissa Plaisance,
925-226-5115melissa.plaisance@albertsons.comorMEDIA:Christine
Wilcox, 208-395-4163christine.wilcox@albertsons.comorFor Rite
AidINVESTORS:Byron Purcell,
717-975-5809investor@riteaid.comorMEDIA:Ashley Flower,
717-975-5718aflower@riteaid.com
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