Thursday, January 29, 2015

FTC approves Safeway - Albertsons merger

On Tuesday the Federal Trade Commission approved the Safeway - Albertsons merger, setting the stage for the deal to close in a matter of days. In order to gain approval, both parties agreed to divest 168 stores in eight states. None of the stores slated for closure are in Pennsylvania or New Jersey.

The combined Safeway - Albertsons company will have approximately 2,200 stores and combined sales of more than $61 billion. Albertsons includes Acme stores in the Greater Philadelphia Market.

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