Albertsons

Rite Aid Corp. shares sank after the drugstore operator’s proposed merger with Albertsons Cos. was called off, leaving the company with dwindling options amid a rapid transformation of the pharmacy business.

Albertsons merges with Rite Aid; GI Partners invests in another data center; Rhone Capital buys Fogo de Chão.

The deal comes only two months after Albertsons acquired meal-kit company Plated.