The point of anti-trust regulators forcing Albertson’s and Safeway to sell off 146 supermarkets in order to allow for the two companies to merge was to create a viable third competitor in the market. That role was eagerly claimed by Haggen Inc., an independent grocery and pharmacy chain based in the state of Washington whose Read More →
The agreement comes as Safeway is clearing the final regulatory hurdles to its sale to rival Albertsons.
The divestiture of the stores is part of another deal to secure FTC clearance for Albertons to acquire Safeway in a $9.2 billion deal. That transaction, which the companies are calling a merger, was announced in March and is expected to close in January.
Ventura County officials are set to receive $395,089 as part of a $3.3 million settlement with Albertsons in a case that alleged the grocery chain mishandled hazardous waste.