Current location:opinions >>
Kroger, Albertsons — still hoping to merge — agree to sell more stores to satisfy regulators
opinions716People have gathered around
IntroductionSupermarket chains Kroger and Albertsons said Monday they will sell more of their stores in an effor ...
Supermarket chains Kroger and Albertsons said Monday they will sell more of their stores in an effort to quell the federal government’s concerns about their proposed merger.
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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Site news portal”。http://turkey.downmusic.org/html-19b998988.html
Related articles
Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse
opinionsAmir Khan's £11.5million luxury wedding venue has finally hosted its first marriage after a series o ...
【opinions】
Read moreThe surprising foods that cause foul
opinionsIf you're someone prone to smelly gas - you probably know all about the dangers of eggs and beans.Bu ...
【opinions】
Read moreAnze Kopitar scores in overtime, Kings beat Oilers 5
opinionsEDMONTON, Alberta (AP) — Anze Kopitar fired a wrist shot past Stuart Skinner’s glove and into the to ...
【opinions】
Read more
Popular articles
- Devout Christian doctor, 68, who punched dementia
- Climate change is bringing malaria to new areas. In Africa, it never left
- Chinese company issues carbon
- Election 2024: Biden campaign embraces TikTok despite President signing law that could ban it
- Student fatally shot, suspect detained at Georgia's Kennesaw State University
- Max Scherzer gives up 3 runs in rehab start, his 1st game action since offseason back injury
Latest articles
Trump accepts a VP debate but wants it on Fox News. Harris has already said yes to CBS
China details regulations on non
Peter Andre reveals TWO names are 'in the running' for his newborn daughter as legal deadline looms
O’Neill has a goal and an assist, Montreal clinches a playoff berth with 5
Medics remove 150 MAGGOTS from a woman's mouth after dental procedure left her with rotting tissue
Climate change is bringing malaria to new areas. In Africa, it never left
LINKS
- The Simpsons producer apologizes to fans for killing off long
- Area 51 has ultra
- Sacré blown! French police use knives to sink asylum seekers' boat in Dunkirk
- Brandi Glanville is 'still struggling' amid Bravo legal drama and health issues
- Emily In Paris star Lily Collins shares behind the scenes pictures from the make
- Bayern stars Musiala and Sané racing to be fit for Champions League semifinal vs. Real Madrid
- Southwest Airlines is considering changes to its quirky boarding and seating practices
- Relegation
- Blood test could detect osteoarthritis in the knees eight years before it appears on X
- NZ wins toss, opts to bowl in 5th and final T20 against Pakistan