Kroger, Albertsons -- still hoping to merge -- agree to sell more stores to satisfy regulators [Yahoo! Finance]
Kroger Company (The) (KR)
Last kroger company (the) earnings: 3/5 08:30 am
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Source: Yahoo! Finance
The companies now plan to sell 579 Kroger and Albertsons stores in markets where they overlap to C&S Wholesale Grocers, a New Hampshire grocery supplier and operator, for $2.9 billion. Under the initial divestiture plan , announced in September, C&S had planned to purchase 413 stores for $1.9 billion. It's unclear if the new plan will satisfy regulators. In February, the U.S. Federal Trade Commission sued to block the $24.6 billion merger between the grocery giants, saying the lack of competition would lead to higher grocery prices and lower wages for workers. The FTC also said the initial plan to divest 413 stores to C&S was “inadequate” and would give C&S a hodgepodge of unconnected stores and brands, leaving it ill-equipped to compete with a combined Kroger and Albertsons. Under the updated plan, Kroger would sell its Haggen banner to C&S. C&S would also license the Albertsons banner in California and Wyoming and the Safeway banner in Arizona and Colorado. C&S would also get
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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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- Kroger Makes Celebrating Mom even EasierPR Newswire
- 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