Kroger identifies 35 Illinois Mariano’s, Jewel locations to be sold off pending megamerger approval
Why are Kroger and Albertsons selling 35 Illinois stores?
Kroger and Albertsons are selling 35 Illinois stores as part of a divestiture plan to secure federal approval for their planned merger3. The plan aims to address concerns raised by regulators, labor unions, and elected officials about potential reduced competition and higher prices for consumers. If approved, the stores would be sold to C&S Wholesale Grocers for $2.9 billion.
What is the proposed purchase price by C&S Wholesale Grocers?
C&S Wholesale Grocers will pay $2.9 billion for the acquisition of assets, including 35 Illinois stores, as part of the divestiture plan in connection with the proposed merger between Kroger and Albertsons.
How many Mariano's stores does Kroger plan to divest?
Kroger plans to divest 31 of its 44 Mariano's stores as part of its merger with Albertsons. The stores will be sold to C&S Wholesale Grocers for $2.9 billion in an effort to secure federal approval for the megamerger.