63 Albertsons in California to be sold to C&S Wholesale if Kroger merger OK’d
Kroger and Albertsons Cos. on Monday, April 22 announced a revised plan to divest 579 stores, 63 of them in California, to C&S Wholesale Grocers as part of a proposed $26.4 billion merger.
New Hampshire-based C&S is paying $2.9 billion for the stores, according to a statement from Kroger and Albertsons.
Kroger and Albertsons added 166 stores to the divestiture list as they try to head off antitrust concerns by U.S. regulators. In February, the Federal Trade Commission and eight states sued to block the merger...
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