Kimco Sees Further Opportunity from Albertsons Companies Investment

NEW HYDE PARK, N.Y.--(BUSINESS WIRE)--Kimco Realty Corp. (NYSE:KIM) confirms its participation as an investor in connection with today’s announced execution of a definitive agreement under which Albertsons Companies (“Albertsons”) will acquire all outstanding shares of Rite Aid Corporation (NYSE: RAD). Following the close of the transaction, the combined company is expected to trade on the New York Stock Exchange. The merger is expected to close early in the second half of 2018, subject to the approval of Rite Aid’s shareholders, regulatory approvals, and other customary closing conditions.