Oklahoma City and Atlanta — On September 25, 2018, Sonic Corp. and Inspire Brands, Inc. entered into a definitive merger agreement under which Inspire will acquire Sonic for $43.50 per share in cash in a transaction valued at approximately $2.3 billion including the assumption of Sonic’s net debt.
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Camp Hill, Pa., and Boise, Idaho — Rite Aid Corp. has called off its previously announced merger with Boise, Idaho-based grocery chain Albertsons Cos. The integrated company would have operated about 4,900 locations, 4,350 pharmacy counters and 320 clinics across 38 states and Washington, D.C.
Boise, Idaho — Boise, Idaho-based grocery chain Albertsons Cos. has agreed to acquire Rite Aid Corp., one of the nation’s largest drugstore chains, for an undisclosed sum. The integrated company will operate about 4,900 locations, 4,350 pharmacy counters, and 320 clinics across 38 states and Washington, D.C., serving more than 40 million customers per week.
Boise, Idaho — On the 2-year anniversary of the Albertsons-Safeway merger that created the second-largest supermarket company in the U.S., Albertsons Companies has grown its workforce by 10%, creating 26,000 jobs; built or acquired 174 locations; and elevated its commitment to sustainability.
Moorestown, N.J. and Montpellier, France — Destination Maternity and Orchestra Prémaman S.A. plan to merge, creating a leading global provider of maternity apparel, children’s wear and baby hard goods. The transaction, which was unanimously approved by both boards of directors, creates an estimated $1.1 billion company with 1,800 retail locations.
Springfield, Mo. & Sidney, Neb. — Bass Pro Shops and Cabela’s Incorporated, two iconic American outdoor companies with similar humble origins, have entered into a definitive agreement under which Bass Pro Shops will acquire Cabela’s for approximately $5.5 billion.
The Woodlands, Texas — Waste Connections, Inc. and and Progressive Waste Solutions Ltd. plan to merge in an all-stock transaction. The transaction is expected to close in second quarter 2016, and remains subject to other customary closing conditions, including the approval of both companies’ shareholders.