Twenty stores in Oregon will be affected, assuming the deal is approved by the Federal Trade Commission.
Twenty stores in Oregon will be affected, assuming the deal is approved by the Federal Trade Commission.
Divesting, or selling, stores to competitors is sometimes required by the FTC during a merger to prevent the new, larger company from monopolizing a market.
Safeway in March agreed to be bought by Albertsons in a deal valued at about $9.2 billion. The combination could threaten Kroger’s position as the largest grocery store chain in the United States.
Read more at OregonLive.com.
