Grocery chains Kroger, Albertsons in talks for possible merger: report

jumped Thursday following a report that it could merge with rival Kroger.

An agreement could potentially be reached as soon as this week, Bloomberg reported, citing sources familiar with the matter, but said that no final decisions have been made and thatRepresentatives for Albertsons and Kroger did not immediately return FOX Business' request for comment. In February, Albertsons' board of directors began a review of potential strategic alternatives aimed at enhancing the company's growth and maximizing shareholder value. A worker pushes shopping carts outside an Albertsons supermarket in Las Vegas, Nevada, U.S., on Friday, Jan. 7, 2022. Albertsons Cos is scheduled to release earnings figures on January 11.

Booo, that should be illegal

The DOJ should never allow this merger.

Bernie is not going to be happy!

Less competition=higher prices & profits. The 'trust' in antitrust. The breaking of supply and demand.

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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 »

Albertsons stock heads higher amid report of Kroger merger interestShares of Albertsons Cos. Inc. undefined were up more than 11% in Thursday morning trading after Bloomberg News reported that Kroger Co. undefinedwas in...
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