Kroger and Albertsons to Sell Over 500 Store Locations in Merger Compromise to Be Purchase by C&S Wholesale Grocers
Kroger and Albertsons have identified over 500 store locations that they plan to sell to C&S Wholesale Grocers to help get their proposed merger approved. The store divestitures aim to address antitrust concerns raised by regulators like the FTC about the merger reducing competition in grocery markets. Kroger and Albertsons will also sell six distribution centers, a dairy plant, certain brands, and other non-store assets. The proposed merger faces ongoing legal challenges from the FTC, which argues it could lead to higher food prices for customers and fewer shopping choices.
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00:00It's Benzinga, and here's what's on the block.
00:03Kroger and Albertsons have identified over 500 store locations that they plan to sell
00:07to CNS Wholesale Grocers to help get their proposed merger approved.
00:11The store divestitures are aimed at addressing antitrust concerns raised by regulators like
00:16the FTC about the merger reducing competition in grocery markets.
00:20Kroger and Albertsons will also sell six distribution centers, a dairy plant, certain brands, and
00:25other non-store assets.
00:27The proposed merger faces ongoing legal challenges from the FTC, which argues it could lead to
00:32higher food prices for customers and less shopping choices.
00:35For all things money, visit Benzinga.com.