Kroger Co. on Tuesday identified for the first time more than 600 stores it plans to sell as part of its merger with rival Albertsons.Kroger for the first time Tuesday identified the nearly 600 U.S. stores it plans to sell off to a competitor to secure approval for its $24.6 billion purchase of rival Albertsons.Albertsons Cos., which owns Safeway, in October 2022.
The two supermarket giants are awaiting a trial set for Aug. 26 in federal court in Oregon after the Federal Trade Commission and nine states filed suit in February to halt the merger. Federal regulators argued and the state attorneys general argued that combining Kroger with Albertsons would lessen competition and give the merged chain too much control over grocery prices and employees’ wages.If you purchase a product or register for an account through a link on our site, we may receive compensation.
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