Kroger and Albertsons have amended their asset sale agreement with C&S Wholesale Grocers, increasing the number of stores to be divested to 579 for $2.9 billion in an effort to gain regulatory approval for their proposed $25 billion merger. The divestiture includes selling 166 additional stores, with specific adjustments in markets where the two companies overlap, such as selling 20 more stores in Illinois and details about the Nevada store, to address antitrust concerns. This strategic move aims to make the merger more appealing to federal antitrust regulators.
Kroger, Albertsons to Sell 166 More Stores, Looking to Appease Regulators $KR $ACI https://t.co/flx06Dx0hu
Kroger, Albertsons — still hoping to merge — agree to sell more stores to satisfy regulators https://t.co/LmBhXCJ2OL
🚨Report: The Circle K which operates more than 7,000 convenience stores in the US has been hit with a lawsuit by federal officials who allege the company is discriminating against LGBT job applicants after the company refused to hire people convicted of child sex crimes. https://t.co/cpxL7CLkc2