IL Mariano's among stores Kroger, Albertsons will sell in bid to clear merger

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Grocers Kroger and Albertsons are selling more than 400 stores, including 14 Mariano's locations in Illinois, in a bid to complete their merger.

Kroger will sell some of their Mariano's stores in Illinois to clera a path for their merger with Albertsons.

Kroger and Albertsons agreed to merge in October. Kroger, based in Cincinnati, Ohio, bid $20 billion for Albertsons. Kroger would also assume $4.7 billion of Albertsons' debt. The deal is targeted to close early next year.

 

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