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Additional legal challenges for Kroger-Albertsons merger in 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
News reports or official legal filings related to the merger
Story
Kroger, Albertsons Amend Sale Plan, to Divest 579 Stores for Merger Approval
Apr 22, 2024, 01:55 PM
Kroger and Albertsons have revised their asset sale agreement with C&S Wholesale Grocers, now planning to divest a total of 579 stores to address regulatory concerns over their proposed $25 billion merger. This amendment includes the sale of an additional 166 stores, with 63 stores in California and about 20 more in Illinois than initially planned. This strategic divestiture aims to secure approval from antitrust authorities, following the FTC's lawsuit in February to block the merger due to potential competition issues.
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Both brands retained • 33%
Only Kroger brand retained • 33%
Only Albertsons brand retained • 33%