Kroger, Albertsons to Sell 166 More Grocery Stores to Appease FTC, Get Merger Approved
Now, the two grocery store chains have agreed to sell an additional 166 stores to C&S Wholesale Grocers (which owns 24 Piggly Wiggly and Grand Union supermarkets) in a divestiture deal set to be worth an estimated $2.9 billion. The total number of stores sold to the retailer is now 579.
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C&S will pay Kroger an all-cash consideration of about $2.9 billion, up from the previous payout of $1.9 billion. With the inclusion of the additional 166 stores, the updated divestiture package ...
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