Kroger, Albertsons to sell 166 more stores with $25B merger in limbo [FOX Business Network]
Kroger Company (The) (KR)
Last kroger company (the) earnings: 3/5 08:30 am
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Source: FOX Business Network
Kroger and Albertsons said Monday the two companies are increasing the number of grocery stores they sell to C&S Wholesale Grocers to address federal regulators' concerns about the impact of their proposed $25 billion merger on competition. An additional 166 Kroger and Albertsons stores will be sold to C&S as part of an updated divestiture agreement between the three companies. The original divestiture plan included the sale of 413 stores, as well as eight distribution centers, two offices and five private label brands. The new agreement will see C&S pay about $2.9 billion in cash for the stores — an increase from the $1.9 billion payout under the original divestiture plan. That acquisition would leave C&S with 579 stores plus access to the Albertsons Signature and O Organics private label brands. "We have reached an agreement with C&S for an updated divestiture package that maintains Kroger's commitments to customers, associates and communities, addresses concerns raised by re
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KR
News
- Kroger spending nearly $85 million to renovate several Dayton area stores [Yahoo! Finance]Yahoo! Finance
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- The 2024 Milken Institute Global Conference Opens May 5, Convening Global Leaders to Discuss Strategies Aimed at Shaping a Shared Future [Yahoo! Finance]Yahoo! Finance
- Kroger considers Disney+ perk for grocery delivery members [Yahoo! Finance]Yahoo! Finance
KR
Earnings
- 3/7/24 - Beat
KR
Sec Filings
- 4/29/24 - Form 4
- 4/26/24 - Form 4
- 4/25/24 - Form 4
- KR's page on the SEC website