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Jim Cramer: Rite Aid Doesn't Have the Balance Sheet to Be Independent

They pulled the plus on the Rite Aid-Alberstons merger ahead of the vote -- listen to Cramer react to that now!

"The SEC is playing with fire," says Cramer on the floor of NYSE, referring to the proposed $5.1 billion merger plan of Rite Aid (RAD) - Get Rite Aid Corporation Report with Cerberus Capital Management LP-backed Albertsons Cos., a grocery store chain, which they just pulled the plug on.

Rite Aid had scheduled a shareholders meeting to vote on the agreement Thursday, Aug. 9, which has been cancelled.

"I think they should have deal through," says Cramer.

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Watch the video above for more of his thoughts on this now defunk merger.

For more on Rite Aid, click here:

Rite Aid-Alberstons Pull Merger Ahead of Vote

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