Kroger, Albertsons to sell 166 more stores with $25B merger in limbo

Fox Business— Kroger and Albertsons said Monday the two companies are increasing the number of grocery stores they sell to C&S Wholesale Grocers to address federal regulators' concerns about the impact of their proposed $25 billion merger on competition. An additional 166 Kroger and Albertsons stores will be sold to C&S as part of an updated divestiture agreement between the three companies. The original divestiture plan included the sale of 413 stores, as well as eight distribution centers, two offices and...

The Arizona Republic—Kroger backtracks: It now plans to sell most Albertsons stores in Arizona in $25B merger. Kroger has changed its stance on selling Albertsons and Safeway supermarkets, as part of the $24 billion merger. Now it plans to sell off most stores.

Entrepreneur—Kroger, Albertsons to Sell 166 More Grocery Stores to Appease FTC, Get Merger Approved. Kroger and Albertsons, whose $25 billion merger is currently being blocked by the Federal Trade Commission, have agreed to sell more stores to curb competition and close in on a deal.

Chicago Tribune—Kroger and Albertsons propose selling off more Illinois stores in bid for merger approval. Under federal scrutiny over their plans to merge, the grocery giants said Monday they will sell off about 20 more Illinois grocery stores than originally planned.