Kroger Selling Hundreds of Stores to C&S for $1.9B But Keeping All Fred Meyers to Win Merger Approval
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Kroger says no Fred Meyer stores will be sold off to win merger approval, despite divestiture plan.
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Kroger and Albertsons plan to sell 413 stores total to C&S Wholesale Grocers for $1.9 billion.
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Sale includes QFC, Carrs and Mariano's stores, plus 2 offices and 8 distribution centers.
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C&S has agreed to honor union contracts at divested stores.
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Kroger says the agreement allows it to require C&S to buy up to 237 more stores to satisfy regulators.