Parent Companies of Ralphs, Vons Seek Approval for Merger by Selling 166 More Stores ...Middle East

Vons groceries store. Photo credit: Alexander Nguyen Kroger — parent company of Ralphs and Albertsons — parent of Vons — are expanding their planned sale of grocery stores, offloading 166 more locations than previously agreed upon to C&S Wholesale Grocers as they work to get regulatory approval for their proposed $25 billion merger, the companies said on Monday. The companies have been looking to sell stores to address regulators’ increasing concerns that the merger will lead to higher prices, store closures and job losses. Under the new agreement, C&S will pay Kroger about $2.9 billion in cash for the stores, up from the previous payout of $1.9 billion. With the additional 166

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Parent Companies of Ralphs, Vons Seek Approval for Merger by Selling 166 More Stores ...Middle East

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