1. Channel: Grocery

Kroger To Divest Over 400 Stores in Bid to Close $25 Billion Albertsons Deal

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Kroger has announced plans to divest over 400 grocery stores to C&S Wholesale Grocers, a move aimed at gaining regulatory approval for its nearly $25 billion takeover of Albertsons. The deal will bring Kroger approximately $1.9 billion in cash, with the possibility of C&S purchasing an additional 237 stores in specific regions to meet regulatory…

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