In a move that one analyst said is "part of the natural flow of retail's never-ending evolutionary process," Kroger and Albertsons are nearing a deal they hope will secure US regulatory clearance for their proposed $24.5 billion merger by selling more than 400 grocery stores to C&S Wholesale Grocers.
The price tag is nearly $2 billion, according to people familiar with the matter, as reported by Reuters.
The deal would give privately held C&S, primarily a supplier rather than an operator of grocery stores, a much more significant footprint, Reuters said.
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