Shares of Kroger were lower Wednesday. The supermarket chain has emerged as a buyer for stores of Rite Aid . The drugstore chain is close to being acquired by Walgreens Boots Alliance , but Rite Aid would have to sell off overlapping assets in order to appease regulators. Kroger looks to be the potential buyer for all of Rite-Aid’s overlapping stores considering that it is well capitalized and has experience running pharmacies in its stores. (Walgreens is a holding in Jim Cramer’s Action Alerts PLUS portfolio).
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