As federal scrutiny of the $25 billion Kroger-Albertsons tie-up intensifies, Kroger will likely have to divest more than the previously anticipated 375 stores, according to Pablo Garces, a credit analyst at S&P Global Ratings.
Why it matters: If approved, the combination would create a grocery giant with $226 billion in revenue (not counting divestitures) rivaling market leaders Walmart and Costco.
