Kroger and Albertsons Cos on Monday amended the asset sale agreement with C&S Wholesale Grocers to include an extra 166 stores in a bid to get regulatory approval for their proposed $25 billion merger. 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.
Yahoo! Finance: ACI News
