Kroger and Albertsons expand divestiture to 579 stores for $2.9B to address regulator concerns

Albertsons Companies, Inc.

Amended agreement adds 166 stores; total 579 stores sold to C&S for ~$2.9B all-cash.
C&S acquires QFC, Mariano's, Carrs, Haggen banners; licenses Albertsons (CA/WY) and Safeway (AZ/CO).
Updated package includes distribution facilities, dairy facility, and private label brand access.
Divestiture designed to address federal and state antitrust regulator concerns; no store closures from merger.
Merger and divestiture subject to regulatory clearance and customary closing conditions.

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