C&S, SoftBank close in on deal to buy stores from Kroger, Albertsons

C&S, SoftBank close in on deal to buy stores from Kroger, Albertsons

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato

C&S Wholesale Grocers, with the backing of SoftBank Group, is nearing a deal to acquire stores that Kroger and Albertsons Companies Inc are looking to sell to obtain regulatory approvals for their $25 billion merger, a source familiar with the matter told Reuters on Tuesday.

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