Albertsons and Safeway plan to sell, subject to approval by the Federal Trade Commission, 168 stores across eight states to four buyers. Divestiture of these stores is being undertaken in order to secure FTC clearance of the companies’ proposed merger, which was announced in March and is expected to close in January.
After the close of the transaction in early 2015, Haggen will convert all of the acquired Albertsons and Safeway stores to the Haggen banner in phases during the first half of 2015. All Albertson’s LLC and Safeway store employees will have the opportunity to become employees of Haggen as their individual stores are transitioned to the Haggen banner. Haggen plans to retain the current store management teams.
Of the remaining stores being divested in the Albertsons/Safeway deal, Associated Wholesale Grocers (AWG)/Minyard’s will purchase 12 stores in Texas; Associated Food Stores will purchase eight stores in Montana and Wyoming; and Supervalu will purchase two stores in Washington.
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