Kroger and Albertsons Will Sell 166 More Stores Seeking Approval of $25 Billion Merger

Kroger and Albertsons Cos are expanding their planned sale of grocery stores, offloading 166 more locations than previously agreed upon to C&S Wholesale Grocers as they work to get regulatory approval for their proposed $25 billion merger, the companies said on Monday.

The companies have been looking to sell stores to address regulators’ increasing concerns that the merger will lead to higher prices, store closures and job losses.

Under the new agreement, C&S will pay Kroger about $2.9 billion in cash for the stores, up from the previous payout of $1.9 billion.

Read the source article at U.S. News