The Federal Trade Commission (FTC) is challenging Kroger’s acquisition of Albertsons and Kroger, and now the two stores have offered up another compromise to curb concerns about the merger’s approval.
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.
The additional grocery stores sold to C&S will ensure that no storefronts close, no employees lose their jobs, and no employee benefits change upon the merger’s completion, Kroger’s CEO
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