Kroger backtracks: It now plans to sell most Albertsons stores in Arizona in $25B merger
by The Arizona Republic
The Arizona Republic— 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.
AZ Family—Kroger, Albertsons agree to sell more stores in merger plans, affecting Arizona Safeway locations. PHOENIX (AP/AZFamily) — Supermarket chains Kroger and Albertsons said Monday they will sell more of their stores in an effort to quell the...
usanewsgroup.com—Kroger, Albertsons to sell 166 more stores with $25B merger in limbo. 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 […]
Fox Business—Kroger, Albertsons to sell 166 more stores with $25B merger in limbo. 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...