In a high-profile transaction that received coverage around the US, Albertsons and Kroger announced last week that the supermarket chains would merge into a combined company with an expanded customer reach of about 85 million households. Valued at $25 billion, the deal is one of the largest this year. It is expected to close in early 2024.
In a news release, Albertsons CEO Vivek Sankaran said: "We have been on a transformational journey to evolve Albertsons Cos. into a modern and efficient omnichannel food and drug retailer focused on building deep and lasting relationships with our customers and communities.”
Partners Kevin T. Collins, Alexander J. May, and Edward L. Prokop led the cross-office, multi-disciplinary team. Others on the team included Partners Anna Meresidis, Matthew J. Renaud, Geoffrey M. Davis, Michelle M. McAtee, Stephen L. Ascher, Howard S. Suskin, Gabriel K. Gillett, Steve R. Englund, Madeleine V. Findley and Sheila C. Kailus. A large team of associates provided invaluable support: Sasha Polonyk, Sharon K. Moraes, Kristen M. Iglesias, Timothy W. Yuhasz, Hannah E. Schwab, Maliha Ikram, Sadie J. Shourd, Joshua T. Davids, Michael R. Greubel, Solana Gillis, Sean M. Sheely, Tyler G. Westrich, and William R. Erlain. Paralegal Katya Lewandowska also supported the team.