Super-Valu to Acquire Albertson's Stores - KCBD NewsChannel 11 Lubbock


Super-Valu to Acquire Albertson's Stores

Albertson's, the nation's second largest grocery store chain, will be sold to an investment group.

The deal totals about $17.4 billion in stock, cash, and debt assumption. Among the investors, the super market chain Super-Valu and drug store company CVS. Super-Valu will acquire about 1,100 Albertson's stores in the deal.

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