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Kroger and Albertsons plan merger to combine 2 largest supermarket chains

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Kroger, which owns Fred Meyer, plans to buy Albertsons, which owns Safeway. The deal is likely to draw intense scrutiny from federal regulators, as it would form a new supermarket colossus at a time of soaring food costs.

Their tie-up would involve spinning off up to 375 stores into a separate company, the companies said., Kroger said it would “reinvest approximately half a billion dollars of cost savings from synergies to reduce prices for customers” and invest $1 billion to raise wages and benefits for workers.

Antitrust regulators in the Biden administration have advocated for changes in the government’s approach to mergers, and they have pushed back against megadeals, citing outsize impact on competition and consumer prices.

 

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Kroger and Albertsons plan merger to combine 2 largest supermarket chainsThe grocery store chain Kroger plans to buy rival Albertsons in a merger valued at $24.6 billion — a deal that is likely to draw intense antitrust scrutiny from federal regulators as food costs soar. Ugh. Kroger is already too big for itself. Kroger is already a behemoth.
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Kroger and Albertsons plan merger to combine 2 largest supermarket chainsKroger plans to buy Albertsons in a deal valued at $24.6 billion, a merger that would merge the two largest grocery-store chains in the U.S., the companies said on Friday. Krogbertsons or Albertkrogersons?
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Kroger and Albertsons plan merger to combine 2 largest supermarket chainsKroger plans to buy Albertsons in a deal valued at $24.6 billion, a merger that would combine the two largest grocery-store chains in the U.S., the companies said on Friday. We don’t need to do that.
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Kroger And Albertsons Plan Merger To Combine 2 Largest Supermarket ChainsThe $25-billion deal is likely to draw intense scrutiny from federal regulators and critics as it would form a new supermarket mega giant at a time of soaring food costs.
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Proposed Kroger-Albertsons merger could affect 100s of stores in North TexasOn Friday morning, the Albertsons and Kroger grocery store chains announced their intent to complete a $24.6 billion merger that could affect hundreds of stores in the Metroplex.
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