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Sarah Halzack and Max Nisen

Albertsons and Rite Aid Were No Dream Team

Merging the two struggling companies may have provided some breathing room, but it wouldn't have performed magic.

You’re on your own.

You’re on your own.

Photographer: David Paul Morris/Bloomberg

What do you get when you combine two retail also-rans? In the case of Albertsons Cos. and Rite Aid Corp., we're not going to find out.

The companies announced Wednesday night that they’re terminating their merger agreement, a decision that came after two proxy advisory firms had recommended shareholders vote against the deal.