By Don Day
Source: Boise Dev
Financial analyst S&P Global says it still believes the deal for Kroger to buy Albertsons will ultimately go through – but the companies will have to give up more than they initially thought.
Pablo A Garces of S&P Global issued an analyst note this week, and said that the firm thinks they’ll have to give up more stores than initially estimated to get the deal approved.
“We note that our assumption for number of store divestitures has increased since the deal’s announcement seven months ago, when the companies’ estimate of store divestitures stood at 100-375,” Garces wrote. “It is S&P Global Ratings’ belief that the deal will require more than 375 store divestitures, potentially closer to the 650-store divestment cap.”