Grocery giant Kroger Co (KR.N) is to merge with smaller rival Albertsons Companies Inc (ACI.N), Bloomberg News reported on Thursday, in what would be one of the biggest deals in the U.S. retail landscape in recent years.
, Bloomberg News reported on Thursday, in what would be one of the biggest deals in the U.S. retail landscape in recent years. A potential deal would create a combined company with a market cap of about $47 billion and nearly $210 billion in annual sales.
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Ralphs supermarkets owner Kroger wants to merge with rival Albertsons to create a U.S. grocery giantKroger Co. is in talks about combining with Albertsons Cos. in a deal that would create a U.S. grocery giant, people familiar with the matter said.
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Shares of Albertsons jump on report of potential merger with grocery giant Kroger
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Reports: Kroger may buy Albertsons in grocery megamergerKroger is reportedly in talks to buy Albertsons in a deal that would combine two of the nation's largest grocery chains.
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Grocery chains Kroger, Albertsons in talks for possible merger: reportA possible agreement could reportedly be reached as soon as this week. In February, Albertsons' board of directors launched a review of potential strategic alternatives.
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Kroger is said to be in talks to combine with rival AlbertsonsKroger Co. is in talks about a tie-up with rival Albertsons Cos. in a deal that would create a U.S. grocery giant, people familiar with the matter said. An...
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