C&S, SoftBank on verge of acquiring Kroger and Albertsons stores

DENVER, Colorado: Kroger and Albertsons are close to agreeing on a deal that could secure U.S. regulatory clearance for their proposed US$24.5 billion merger.

The deal will involve selling more than 400 grocery stores to C&S Wholesale Grocers for nearly $2 billion.

Japanese investment group SoftBank is also in talks with C&S on financing a small part of the deal.

While SoftBank is more well-known f