Kroger, Albertsons announce plan to sell more Illinois stores amid merger quest ...Middle East

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Kroger, Albertsons announce plan to sell more Illinois stores amid merger quest
source : NBC Chicago ( Middle East ) () 107
Note: The video in the player above is from a previous report. In an effort to secure federal approval for a proposed merger, Kroger and Albertsons announced that they would sell additional stores as part of a divestiture agreement, including dozens in Illinois. According to a press release, a total of 579 stores across the companies’ portfolios would be sold to C&S as part of a deal designed to earn federal approval of the merger, with regulators raising concerns about lack of competition and other factors in resisting a final deal. Of those stores, 35 Kroger and Albertsons-family locations in Illinois would be sold to C&S, according to a press release. “We have reached an agre

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