“Kroger and Albertsons plan to sell over 400 stores in connection with $24.6B merger”
September 11, 2023
“Grocery giants Kroger and Albertsons announced their plan to sell more than 400 stores and other assets in connection with a $24.6 billion merger proposed last fall, seeking to clear a path for the grocery chains to unite forces…
It continued: “The divestiture plan ensures no stores will close as a result of the merger and that all frontline associates will remain employed, all existing collective bargaining agreements will continue, and associates will continue to receive industry-leading health care and pension benefits alongside bargained-for wages.”…”
https://finance.yahoo.com/news/kroger-albertsons-plan-sell-over-063050999.html