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%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore 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 »