AB Acquisition LLC and Safeway Inc. have announced that they have received clearance from the United States Federal Trade Commission regarding their proposed merger. The companies announced their intention to merge on March 6, 2014.
The FTC clearance follows an agreement by Albertsons and Safeway to a proposed consent order, which includes a commitment to divest 168 stores. As they previously announced, Albertsons and Safeway entered into agreements to sell the stores to four FTC-approved buyers including Haggen Inc. Albertsons and Safeway also agreed to settlements with attorney generals in California, Nevada and Washington.
Albertsons and Safeway stated that they expect to complete the merger within the next several business days.