Kroger said it entered into an amended and restated agreement with C&S Wholesale Grocers, LLC on April 22, 2024 to divest 579 stores, along with the QFC, Mariano’s, Carrs and Haggen banner names and certain other assets.

1. 01

   Kroger said it entered into an amended and restated agreement with C&S Wholesale Grocers, LLC on April 22, 2024 to divest 579 stores, along with the QFC, Mariano’s, Carrs and Haggen banner names and certain other assets.

2. 02

   The company said C&S will pay Kroger all-cash consideration of approximately $2.9 billion, including customary adjustments. The payment is subject to customary closing conditions, including regulatory approval, and completion of the merger.

3. 03

   The company said the amended divestiture package increases the total store count by 166 stores to 579 stores. By state, it includes 124 stores in WA, 101 stores in AZ, 91 stores in CO and 63 stores in CA.

4. 04

   The company said C&S will license the Albertsons banner in California and Wyoming and the Safeway banner in Arizona and Colorado, and that Kroger will divest 5 private label brands to C&S and give C&S access to the Signature and O Organics private label brands. It also said the package includes increased distribution capacity and the addition of 1 dairy facility.

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Original filing

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