Kroger and Albertsons Sell 400+ Stores, One Step Closer to Completing Merger

Dear Client: Nearly a year ago, Kroger and Albertsons announced a proposed merger in a $24.6 billion deal [see WSD 10-14-2022]. Not surprisingly, the deal was met with antitrust concerns. To help alleviate those concerns, the companies announced today a divestiture plan to sell more than 400 stores to C&S Wholesale Grocers for $1.9 billion.    "Following the announcement of our proposed merger with Albertsons Cos., we embarked on a robust and thoughtful process to identify a well-capitalized buyer who will