'Kroger And Albertsons To Offload Over 400 Stores As Part Of Nearly $2B Deal With C&S Wholesale Grocers' - Reuters News
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C&S Wholesale Grocers, backed by SoftBank Group, is close to acquiring stores from Kroger and Albertsons Companies Inc. The move is part of the companies' efforts to obtain regulatory approval for their $25 billion merger. The stores to be sold could be worth over $1 billion and are located across various regions where the two companies operate. The Federal Trade Commission is currently reviewing the proposed acquisition.
September 06, 2023 | 5:09 pm
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NEUTRAL IMPACT
Albertsons is selling stores to C&S Wholesale Grocers as part of its merger with Kroger. This could potentially alleviate antitrust concerns.
The sale of stores is a strategic move to obtain regulatory approval for the merger. However, the impact on Albertsons' stock price is uncertain as it depends on the final terms of the deal and the regulatory response.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Kroger is selling stores to C&S Wholesale Grocers as part of its merger with Albertsons. This could potentially alleviate antitrust concerns.
The sale of stores is a strategic move to obtain regulatory approval for the merger. However, the impact on Kroger's stock price is uncertain as it depends on the final terms of the deal and the regulatory response.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100