US: Safeway-Albertsons merger may prompt 140-store sell-off
Albertsons and Safeway’s focus on completing the $9 billion, 2,400 store deal has created an attractive price for 140 stores the companies may be required to divest at the requirement of regulators, reports Supermarket News, citing a Fox News interview with Zell that aired Sunday.
“Obviously, like any deal, it starts with the price,” Zell said in the interview. “In this particular case, this is a $9 or $10 billion merger of Safeway and Albertsons and this is 140 stores that they were forced to divest. So their focus is on getting the big deal done, which creates an opportunistic environment on taking care of the remnants.”
Source: undercurrentnews.com
