Albertsons, Kroger reiterate store divestiture plan ahead of merger By Reuters

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Albertsons, Kroger reiterate store divestiture plan ahead of merger

Stock Markets Mar 15, 2023 12:50PM ET

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Albertsons, Kroger reiterate store divestiture plan ahead of merger

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(Reuters) -Albertsons Companies Inc reiterated in a filing on Tuesday it would divest some stores owned by the company and Kroger (NYSE:KR) Co to obtain the regulatory clearance needed to go ahead with the merger of the two firms.

Last month, Reuters reported citing sources that the supermarket operators were advancing plans to sell between 250 and 300 stores, which they hope would alleviate U.S. antitrust concerns over their combination.

The Federal Trade Commission (FTC), which is reviewing Kroger's proposed $24.6 billion acquisition of Albertsons, is under pressure from some U.S. lawmakers and consumer advocacy groups to block the deal on concerns it may lead to higher grocery prices.

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Comments (1)

Anthony Doan Mar 15, 2023 12:55PM ET

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They'd be wise to unload stores in high crime areas like Democrat run cities and towns.

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Maria Kenny Mar 15, 2023 12:55PM ET

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it's no better in Tennessee. Not at all party related.

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Albertsons, Kroger reiterate store divestiture plan ahead of merger

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