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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 ...
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 ...
Kroger and Albertsons are selling roughly 400 stores to Piggly Wiggly’s parent company in an attempt to win antitrust approval for the mega merger between the grocery stores.
The companies now plan to sell 579 Kroger and Albertsons stores in markets where they overlap to C&S Wholesale Grocers, a New Hampshire grocery supplier and operator, for $2.9 billion. Under the initial divestiture plan, announced in September, C&S had planned to purchase 413 stores for $1.9 billion.
Citing regulators’ concerns, Kroger and Albertsons announced they were adding 166 extra stores to the previous divestiture plan. The value of the store sale also climbed from $1.9 billion to $2. ...
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 ...
It’s been two years since Kroger and Albertsons Cos. proposed what would be the largest supermarket merger in history – $24.6 billion, to be exact. And while the grocery giants may be closer ...
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.