Albertsons & Safeway to sell 168 stores before merger is approved

By Staff Report  /  Friday, December 19th, 2014  /  Banking & Finance, Latest news, Real Estate, Restaurants, Top Stories, Tri-County Economy  /  1 Comment

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.