The merger agreement between Kroger and Albertsons indicates the companies could divest up to 650 stores, but the total will likely veer closer to 375, the number of locations at which the Spinco is capped, sources familiar with the situation tell Axios.
Why it matters: The merging grocery store chains set the number of stores artificially high to avoid a breakup fee and to make it easier to argue in court, sources say.
