• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Kroger and Albertsons Sell Stores and Distribution Centers

September 8, 2023 by Forex Winner Leave a Comment

Kroger Co. (KR) and Albertsons Companies Inc. (ACI) have announced a joint agreement to sell 413 stores and 8 distribution centers across 17 states as part of Kroger’s acquisition of Albertsons. The sale, which is valued at $1.9 billion in cash, is aimed at gaining regulatory approval for the merger.

No Closures, Job Security, and Vital Benefits

As part of the comprehensive divestiture plan, the sale includes 2 offices and 5 private label brands. Both companies emphasized that this plan guarantees no store closures due to the merger. Furthermore, all frontline associates will retain their employment, with existing collective bargaining agreements, industry-leading healthcare and pension benefits, and bargained-for wages remaining intact.

Expansion into New Geographies

Kroger and Albertsons expressed their belief that this divestiture plan will extend a well-capitalized competitor into new geographies. By selling to C&S Wholesale Grocers LLC, they aim to continue providing quality products and services to customers in these regions.

Market Reactions

Following the announcement, Kroger’s stock experienced a 1.8% decline in premarket trading, while Albertsons’ shares saw a 0.6% gain. Notably, Kroger’s second-quarter sales fell short of expectations and the company recorded a $1.4 billion charge during the same period to settle a majority of the opioid claims against them.

Overall, this strategic maneuver represents a significant step toward the completion of the merger between Kroger and Albertsons, while safeguarding job security and ensuring the provision of essential employment benefits to associates.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

The Potential Government Shutdown: Should Investors Be Concerned?

September 21, 2023

Investor Interest in Arm Holdings PLC Dips After Strong Debut

September 19, 2023

Dell Technologies: Analyst Upgrades Rating on Improving Demand

September 19, 2023

Footer

Forex Broker Reviews

TD Ameritrade Review

May 14, 2023 By Forex Winner

IG Group

IG Review

May 20, 2020 By Forex Winner

nordfx

NordFX Review

November 14, 2019 By Forex Winner

Forex Robot Reviews

Earn2Trade Review

August 20, 2023 By Andre

FundedNext Review

August 16, 2023 By Andre

Topstep Forex Review

August 14, 2023 By Andre

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure