Kroger Co. and Albertsons Companies Inc. have amended their agreement with C&S Wholesale Grocers LLC for the sale of assets regarding their proposed merger.
“The updated divestiture plan continues to ensure no stores will close as a result of the merger and that all frontline associates will remain employed, all existing collective bargaining agreements will continue, and associates will continue to receive industry-leading health care and pension benefits alongside bargained-for wages,” said Rodney McMullen, Kroger chairman and CEO.
He continued that the merger will bring lower prices and more choices for consumers.
The updated agreement increases the total store count to 579 stores that will be sold and continue operating as they are by C&S.
