Albertsons and Kroger Agree to Sell More Stores to Get Merger Approval
ACIAlbertsons Companies(ACI) Investopedia·2024-04-22 23:05

Key TakeawaysAlbertsons and Kroger will sell off more locations as they try to win regulatory approval for Kroger's $24.6 billion takeover of Albertsons.The revised divestiture agreement with C&S Wholesale Grocers comes after the Federal Trade Commission (FTC) ruled the initial plan was inadequate.Albertsons also reported fourth-quarter earnings that beat forecasts, although revenue fell short of estimates. Albertsons (ACI) shares declined in intraday trading Monday as the supermarket chain and Kroger (KR) ...