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.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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…
Источник: denverpost - 🏆 13. / 72 Прочитайте больше »

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...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »