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Kroger and Albertsons on Tuesday revealed the specific locations of the 579 stores they plan to sell off in their contested $25 billion merger.. Besides what states would be most affected, the ...
Kroger Co. and Albertsons Companies have released the long list of stores the companies plan to sell, should a multi-billion dollar merger between the two grocery chains be approved by regulators ...
Kroger and Albertsons announced Monday they’ve agreed to sell off 579 stores to Piggly Wiggly operator C&S Wholesale Grocers as part of their $25 billion proposal to merge, a bigger divestiture ...
Under the merger agreement, Kroger and Albertsons — who compete in 22 states — had agreed to sell 579 stores in places where their locations overlap to C&S Wholesale Grocers, a New Hampshire ...
The sale, however, would occur only if federal regulators approve Kroger’s bid to buy its smaller rival Albertsons. The grocery store chains proposed to sell off a package of stores and other ...
On Tuesday, Cincinnati-based Kroger and Boise-based Albertsons released a list of planned grocery store selloffs as part of their proposed $24.6 billion dollar merger.
Albertsons bought 33 former Haggen stores for $14.3 million at a bankruptcy auction in November, many for the nominal price of $1 since they came with liabilities as part of their sale. [7] The failure of the spin-off of stores to Haggen has been seen as a particular concern for the proposed Albertsons–Kroger merger. [8]
Kroger and Albertsons had said that selling 579 of the stores, particularly in western U.S. states where Kroger and Albertsons are located near each other, would preserve competition.