Factbox: Mega merger talks turn spotlight on Kroger, Albertsons

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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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Shares of Albertsons jump on report of potential merger with grocery giant KrogerGreat, take even more competition out of the grocery business. This is not good news where I live, for all there are are Kroger and Albertsons stores.
Source: CNBC - 🏆 12. / 72 Read more »

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. Less competition=higher prices & profits. The 'trust' in antitrust. The breaking of supply and demand. Bernie is not going to be happy! The DOJ should never allow this merger.
Source: FoxBusiness - 🏆 458. / 53 Read more »