Kroger (KR), Albertsons Revamp Divestiture Package Amid Concerns
KRKroger(KR) Zacks Investment Research·2024-04-23 23:21

In a bid to address regulatory concerns surrounding their proposed merger, The Kroger Co. (KR) and Albertsons Companies Inc. (ACI) have unveiled an amended divestiture package in collaboration with C&S Wholesale Grocers, LLC (“C&S”). This strategic move aims to fortify competitiveness and ensure a smooth transition post-merger. Responding to feedback from federal and state antitrust regulators, the revised divestiture package boasts a broader spectrum of assets, effectively addressing concerns raised during ...