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Mergers and acquisitions

Retailers

Albertsons-Rite Aid Merger Clears Antitrust Waiting Period

The FTC gave its blessing for the deal between the food and drug retailers.

Retailers

Albertsons to Sell Casa Ley Interest for $345M

Albertsons has announced a deal to sell its 49% stake in the Mexican retailer Casa Ley for approximately $345 million.

The companies had talked on and off since 2014, but the Amazon-Whole Foods merger accelerated negotiations.

Casey’s reported bid could fuel the Restock program and support tech initiatives.

The moves reflect ongoing efforts to optimize its retail operations and monetize its real estate.

The U.K.-based EG Group will open headquarters in the U.S. and continue operations under the same banners.

The $10 billion combination with Sainsbury would create a retail powerhouse.

An activist investor sharply critical of Supervalu said it would nominate three candidates for its board.

The merger could create a food and wellness powerhouse, but some observers are cautious.

Reports suggest Frans Muller will succeed Dick Boer as CEO.

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