$RAD Kimco Sees Further Opportunity from Albertsons Companies Investment RAD
"Today's announced agreement between Albertsons and Rite Aid will result in a stronger, more diversified company that combines health, wellness and convenience to deliver an enhanced customer experience, demonstrating what we believe is the future of retail," stated Conor Flynn, Kimco's Chief Executive Officer. "Additionally, this merger underscores how we continue to benefit from our highly successful investment in Albertsons. Upon completion, we will have a clear indication of the resulting market value of our stake." Flynn continued, "Beyond the strong returns we have already generated, we will have greater flexibility and liquidity with our investment via the public markets."
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