FTC Approves Sale of Albertsons to Supervalu
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From the Associated Press
Albertsons Inc. announced that the Federal Trade Commission had approved the $11.1-billion sale of the company to a consortium led by Minnesota-based grocer Supervalu Inc. and drugstore chain CVS Corp.
Shareholders of Albertsons and Supervalu are expected to approve the deal.
Albertsons shares climbed 19 cents to $25.79.
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