These are the 186 Oregon and Washington grocery stores to be sold off in a Kroger-Albertsons merger
Which stores is Kroger selling in Oregon?
Kroger plans to sell 62 stores in Oregon, including locations under the Safeway and QFC branding, to C&S Wholesale Grocers as part of its efforts to secure regulatory approval for its proposed $24.6 billion merger with Albertsons. The company has not yet confirmed the specific stores to be sold.
Why is Kroger selling stores in Oregon?
Kroger is selling stores in Oregon to address the federal government's concerns about its proposed merger with Albertsons. The sale is aimed at reducing the combined company's market share and maintaining competition in the grocery sector, thereby securing regulatory approval for the merger.
How much is Kroger's proposed merger with Albertsons?
Kroger's proposed merger with Albertsons is valued at $24.6 billion. The plan is to acquire all of the outstanding shares of Albertsons Companies, Inc. common and preferred stock. This merger aims to expand access to fresh, affordable food and establish a more compelling alternative to large, non-union retailers.