News Formal

Albertsons stock heads higher amid report of Kroger merger interest

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

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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%.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: CNBC - 🏆 12. / 72 Läs mer »