The combined company is expected to generate annual revenues of about $83 billion. Further, the new entity anticipates delivering annual run-rate cost savings of $375 million in three years. Of these, the companies expect to realize nearly 60% of the cost synergies in the first two years after closing the transaction. Additionally, the companies anticipate identifying about $3.6 billion of potential revenue opportunities. Albertsons' proposal is backed by investments from Cerberus Capital Management, L.P., along with Kimco Realty Corporation; Klaff Realty, L.P.; Lubert-Adler Partners, L.P. and Schottenstein Stores Corporation. Following the completion of the merger, the combined company will be steered by John Standley as the Chief Executive Officer (CEO). He is currently the Chairman and CEO of Rite Aid. Further, Albertsons' current Chairman and CEO, Bob Miller will serve as the Chairman of the new company.