Kroger and Albertsons reportedly in merger talks; investors expect an announcement soon

CINCINNATI — The Kroger Co. could gain some new inflation-fighting power if it acquires the rival grocery chain Albertsons Companies Inc.

The New York Times reported that, according to its sources who wished to remain anonymous, a deal following the reported merger talks could be announced in the coming days. “If you think about the leverage that Walmart has with a lot of the manufacturers, whether it’s household goods, food manufacturers, the combination of Kroger and Albertsons should be able to have stronger leverage at the table, particularly at a time when inflation is as high as it is.”

Inflation-fighting power? kroger FrysFoodStores are price-gouging. This will just help them keep doing it.

Ugh, more crummy stores with zero customer service, nah.

How does less competition ever lead to benefits for the consumers?

Albertsons is pretty expensive. The prices will likely go up. Kroger is getting more bourgeois by the day.

Grocery prices will go up even more due to loss of competition.

Laugh my ass off…raise your hand if you think this will lead to lower prices…

They own everything, Bring back Smitty's, Lucky's etc. lol

Yeah because all these companies are struggling to turn a record profit

Who writes these propaganda articles?

Noooo I like shopping at Safeway

Inflation fighting - no - will give kroger additional opportunities to price gouge consumers. Hope this doesn't go through, it will ruin Albertson's/Safeway.

Kroger has ruined everything they acquired. So hope this doesn’t happen.

In my experience mergers between competitors tends to diminish competition on things like price but whatever, go ahead and parrot the press releases

I wouldn't expect 'inflation fighting power.' What I would expect is collusion and price-fixing. To those who don't know, Kroger already owns Fry's Food Stores here in Arizona.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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...
Source: MarketWatch - 🏆 3. / 97 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 »