Kroger shares dip after missing revenue expectations
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Kroger, Albertsons plan to offload over 400 stores for close to $2 bln-sourcesKroger Co and Albertsons Cos Inc are nearing a deal they hope will secure U.S. regulatory clearance for their proposed $24.5 billion merger, by selling more than 400 grocery stores to C&S Wholesale Grocers for nearly $2 billion, according to people familiar with the matter.
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Kroger, Albertsons in talks to sell hundreds of stores, some in California, to supply giant C&SThe grocery chains said in October that they would spin off 100 to 375 stores if they couldn’t find buyers for them.
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Kroger and Albertsons looking to sell 400 stores to wholesale grocery company, report saysGrocery giants Kroger and Albertsons – the respective parent companies of King Soopers and Safeway – are reportedly in the midst of negotiating an almost $2 billion deal with C&S Wholesale Groc…
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