Kroger, Albertsons to Sell 166 More Grocery Stores to Appease FTC, Get Merger Approved
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Kroger, Albertsons to sell 166 more stores with $25B merger in limbo
Kroger and Albertsons said Monday the two companies are increasing the number of grocery stores they sell to C&S Wholesale Grocers to address federal regulators’ concerns about the impact of their proposed $25 billion merger on competition. An additional 166 Kroger and Albertsons stores will be sold to C&S as part of an updated divestiture […]
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Kroger, Albertsons to sell 166 more stores with $25B merger in limbo
Kroger and Albertsons said Monday the two companies are increasing the number of grocery stores they sell to C&S Wholesale Grocers to address federal regulators' concerns about the impact of their proposed $25 billion merger on competition. An additional 166 Kroger and Albertsons stores will be sold to C&S as part of an updated divestiture agreement between the three companies. The original divestiture plan included the sale of 413 stores, as well as eight distribution centers, two offices and...
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Albertsons, Kroger will sell more stores to pacify regulators
The supermarket chains, hoping to merge, will now sell 579 stores to C&S Wholesale Grocers in a revised deal.