Kroger and Albertsons announced a divestment deal to sell more shops to C&S Wholesale Grocers to get government permission for a merger.
Albertsons
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Kroger and Albertsons to Sell off 166 Stores in Effort to Gain Approval for Their $25 Billion Merger
The US Federal Trade Commission (FTC) sued Kroger and Albertsons to stop their $25 billion merger.
Just a couple of hours after CNBC released Albertsons Companies' intent of rescheduling their IPO due to market volatility, the news website has now made another recent update detailing Albertsons' plans on conducting their IPO before Thanksgiving.
Supermarket chains Albertsons and Safeway (SWY.N) agreed to sell 168 stores in eight states to win U.S. antitrust approval for their $9.2 billion merger, the Federal Trade Commission said on Tuesday.
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