Kroger Co and Albertsons Cos Inc are nearing a deal they hope will secure U.S. regulatory clearance for their proposed $24.5 billion merger, by selling more than 400 grocery stores to C&S Wholesale Grocers for nearly $2 billion, according to people familiar with the matter.
are nearing a deal they hope will secure U.S. regulatory clearance for their proposed $24.5 billion merger, by selling more than 400 grocery stores to C&S Wholesale Grocers for nearly $2 billion, according to people familiar with the matter.
While SoftBank typically opts for technology-related deals, it has ties to C&S executive chairman Rick Cohen, because it has a joint venture with warehouse automation company Symbotic IncThe stores that Kroger and Albertsons plan to shed are primarily in the Pacific Northwest and the Mountain states, along with some in California, Texas, Illinois, and the East Coast, the sources said.
The sources requested anonymity because the negotiations are confidential. Kroger and Albertsons declined to comment. C&S and SoftBank did not respond to requests for comment. Bloomberg News reported about the talks between C&S, Kroger and Albertsons on Monday, as well as SoftBank's involvement but gave no information about the deal terms.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Kroger, Albertsons in talks to sell stores to C&S, SoftBank - Bloomberg News By ReutersKroger, Albertsons in talks to sell stores to C&S, SoftBank - Bloomberg News
Lire la suite »
Alaska unions urge Biden administration to block Albertsons-Kroger mergerOfficials with unions say they currently represent workers across Carrs Safeway stores, while the union presence at Fred Meyer stores is limited, raising questions about whether a newly merged company will support union contracts.
Lire la suite »
Kroger, Albertsons In Talks to Sell Stores to C&S, SoftBankC&S Wholesale Grocers—with backing from SoftBank Group Corp.—is in talks to buy grocery stores that Kroger Co. and Albertsons Cos. are selling to win regulatory approval for their $25 billion merger, according to people familiar with the matter.
Lire la suite »
No. 400 for Yankees’ Giancarlo Stanton settled 10-year IOU with Gerrit ColeThe New York Yankees and Detroit Tigers continue a three-game series on Wednesday night at Yankee Stadium.
Lire la suite »
Stanton conecta su jonrón 400, Yanquis vencen 5-1 a TigresGiancarlo Stanton detonó el jonrón número 400 de su carrera, Gerrit Cole le sacó lustre a sus credenciales para el premio Cy Young y los Yanquis de Nueva York vencieron el martes 5-1 a los Tigres de Detroit.
Lire la suite »
Feds searching for person who shot an endangered California condorLess than 400 of the majestic birds live and fly in the wild
Lire la suite »