By Sam Silverstein
Source: Grocery Dive
Kroger and Albertsons’ newly revised divestiture plan with C&S Wholesale Grocers adds considerable heft to the retailers’ case that their proposed merger would not snuff out competition in the supermarket industry, analysts said.
But whether the sweetened package will be enough to get the embattled transaction to the finish line remains an open question, they noted.
Under the enhanced arrangement, unveiled last Monday, Kroger and Albertsons intend to sell 166 more stores to C&S than they had previously planned, along with more non-store assets and support services. The supermarket companies also reformulated the list of stores they intend to sell to C&S, although they did not provide specifics about the markets and locations that are part of the new plan.
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