Kroger, Albertsons selling more than 400 stores in $1.9B deal as they look to close their merger

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.

C&S has prior experience with divestitures related to mergers and has successfully transitioned union employees and their associated collective bargaining agreements in the past.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

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…
Herkunft: denverpost - 🏆 13. / 72 Weiterlesen »

Kroger, Albertsons to sell more than 400 stores to C&S Wholesale in a $1.9 billion cash deal in connection with the proposed mergerKroger Co. and Albertsons Companies Inc. announced Friday an agreement to sell 413 stores and 8 distribution centers across 17 states to C&S Wholesale...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »