FTC OKs Albertsons-Safeway Merger
SEAFOODNEWS.COM [Supermarket News] - January 28, 2015 -
The Federal Trade Commission officially approved the merger of Albertsons and Safeway on Tuesday. The companies said that AB Acquisition LLC, an affiliate of Boise, Idaho-based Albertsons, planned to finish the acquisition of Safeway in the next five business days.
The merger will bring together two big players in the food retail space, with combined sales of approximately $61.6 billion.
In order to get FTC approval, Safeway and Albertsons had previously agreed to divest 168 stores in eight states.
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