Kroger and Albertsons Companies Announce Comprehensive Divestiture Plan With C&S Wholesale Grocers, LLC In Connection With Proposed Merger
Portfolio Pulse from Benzinga Newsdesk
Kroger Co. (NYSE:KR) and Albertsons Companies Inc. (NYSE:ACI) have announced a divestiture plan with C&S Wholesale Grocers, LLC as part of their proposed merger. The plan includes the sale of 413 stores, 8 distribution centers, 2 offices, and 5 private label brands across 17 states and the District of Columbia. The divestiture plan ensures no stores will close as a result of the merger and that all frontline associates will remain employed. The merger is expected to close in early 2024, subject to regulatory clearance and other closing conditions.
September 08, 2023 | 12:16 pm
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POSITIVE IMPACT
Albertsons' proposed merger with Kroger and divestiture plan with C&S Wholesale Grocers could lead to a more competitive position in the market.
The merger and divestiture plan could potentially strengthen Albertsons' market position by expanding its reach and ensuring no stores will close as a result of the merger. This could lead to increased competitiveness and potential growth in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Kroger's proposed merger with Albertsons and divestiture plan with C&S Wholesale Grocers could lead to a more competitive position in the market.
The merger and divestiture plan could potentially strengthen Kroger's market position by expanding its reach and ensuring no stores will close as a result of the merger. This could lead to increased competitiveness and potential growth in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100