Albertsons stock heads higher amid report of Kroger merger interest

📆 13/10/2022 20:34:00
📰 MarketWatch

⏱ Reading Time:
19 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 97%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Albertsons stock heads higher after report of Kroger takeover interest

Shares of Albertsons Cos. Inc. ACI, +11.41% were up more than 11% in Thursday morning trading after Bloomberg News reported that Kroger Co. KR, -1.09% was in merger talks with the smaller grocer. Kroger shares were down more than 2%.

The report cited anonymous sources and noted that while a deal could be hammered out as soon as this week, talks could also fall through or be delayed. Shares of Albertsons were paused for volatility at 9:52 a.m. ET, and trading resumed five minutes later. Albertsons shares have gained 4.3% over the past 12 months as the S&P 500 SPX, +1.72% has declined 18%.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

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.
La source: CNBC - 🏆 12. / 72 Lire la suite »