Kroger and Albertsons sell hundreds of stores in a bid to clear merger of the 2 largest US groceries

Kroger and Albertsons will sell more than 400 stores and other assets for about $1.9 billion, seeking to clear a path for a merger with antitrust regulators reviewing a deal that would unify two of the nation's largest grocery chains.

All fuel centers and pharmacies associated with the divested stores will remain with the stores and continue to operate. The grocery chains say they must merge to compete with Walmart, Amazon and other major companies that have stepped into the grocery business. And there is significant consolidation throughout the grocery sector as companies fight with rising prices for everything from food to workers.

Before the deal with C&S closes, Kroger may, in connection with securing Federal Trade Commission and other governmental clearance, require C&S to buy up to an additional 237 stores in certain regions. If more stores are added to the agreement, C&S will pay Kroger an additional as-yet-to-be-determined financial amount.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kroger and Albertsons looking to sell 400 stores to wholesale grocery company, report saysGrocery giants Kroger and Albertsons – the respective parent companies of King Soopers and Safeway – are reportedly in the midst of negotiating an almost $2 billion deal with C&S Wholesale Groc…
Source: denverpost - 🏆 13. / 72 Read more »

Kroger and Albertsons sell hundreds of stores in a bid to clear merger of the 2 largest US groceriesGrocers Kroger and Albertsons are selling more than 400 stores and other assets to C&S Wholesale Grocers in an approximately $1.9 billion deal as part of their efforts to complete their merger.
Source: wjxt4 - 🏆 246. / 63 Read more »

Kroger and Albertsons sell hundreds of stores in a bid to clear merger of the 2 largest US groceriesGrocers Kroger and Albertsons are selling more than 400 stores and other assets to C&S Wholesale Grocers in an approximately $1.9 billion deal as part of their efforts to complete their merger.
Source: ksatnews - 🏆 442. / 53 Read more »

Kroger and Albertsons sell hundreds of stores in a bid to clear merger of the 2 largest US groceriesGrocers Kroger and Albertsons are selling more than 400 stores and other assets to C&S Wholesale Grocers in an approximately $1.9 billion deal as part of their efforts to complete their merger.
Source: wjxt4 - 🏆 246. / 63 Read more »