FTC clears Albertsons, Safeway merger

Boise, Idaho -- Albertsons and Safeway announced on Tuesday that they have received clearance from the U.S. Federal Trade Commission for the companies' proposed merger, which was announced on March 6, 2014.




The FTC's clearance follows Albertsons' and Safeway's agreement to a proposed consent order, which includes a commitment to divest 168 stores.





Albertsons and Safeway entered into agreements to sell the 168 stores to four different buyers. Albertsons and Safeway also agreed to settlements with the attorneys general of California, Nevada and Washington.





Albertsons and Safeway expect to complete the merger within the next five business days.