C&S will pay Kroger an all-cash consideration of about $2.9 billion, up from the previous payout of $1.9 billion. With the inclusion of the additional 166 stores, the updated divestiture package will see a total of 579 stores being sold and operated by the new owner, C&S.Kroger and Albertsons have been looking to offload stores to address regulatory concerns that have risen since they first announced the merger in October 2022. Under the amended agreement, Kroger will also sell the Haggen banner to C&S.
Yahoo! Finance: ACI News
