Divestiture of 168 stores clears 'key hurdle' in Albertsons-Safeway deal
SEAFOODNEWS.COM [Supermarket News] By Elliot Zwiebach - December 22, 2014 -
Albertsons and Safeway said Friday they will divest 168 stores across eight states as a step toward obtaining Federal Trade Commission clearance for their merger, which they said is scheduled to close in January.
Of the total, 111 of the divested stores, or 66%, are Albertsons locations and 57, or 34%, are Safeway locations, including stores with the Safeway, Vons and Tom Thumb banners.
Andrew Wolf, managing director for the Boston office of BB&T Capital Markets, said the announcement of the divestitures “clears a key hurdle to completion of the [Albertsons-Safeway] deal.”
The divested stores will be acquired by four buyers ...
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