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The Orlando Business Journal reports that the price tag will be $500 million for Publix to acquire 49 Albertsons stores in north, central and south Florida.

The acquisition was announced in June, but neither company disclosed the price; it has come to light through a filing by Publix with the US Securities and Exchange Commission (SEC). The deal is expected to close next month, after which, according to the Journal, “all the Albertson's stores will be closed for some period of time, depending on how long it takes to make improvements, the filing said. Publix expects to open substantially all the stores in one month to 18 months after the deal closes.”

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