Kroger, Albertsons plan to offload over 400 stores for close to $2 billion

Reuters exclusively reported that Kroger Co (KR.N) and Albertsons Cos Inc (ACI.N) are nearing a deal they hope will secure U.S. regulatory clearance for their proposed $24.5 billion merger, by selling more than 400 grocery stores to C&S Wholesale Grocers for nearly $2 billion.