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Albertsons Merger With Kroger Could Be Announced This Week

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Kroger could announce Friday a deal to buy rival grocery company Albertsons, CNBC reports.

The all-cash acquisition may be announced as soon as Friday morning, sources told Faber.

Kroger is the largest supermarket operator in the country with about two dozen banners, including Fred Meyer, Ralphs, King Soopers, Harris Teeter and its namesake brand. It has nearly 2,800 stores in 35 states and about 420,000 employees. The company trails behindAlbertsons is made up of 20 banners, including Safeway, Acme and Tom Thumb. It has more than 2,200 supermarkets in 34 states and Washington, D.C. Albertsons has 290,000 employees, according to its website.

 

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Meh. HEB is coming to the Metroplex anyway. Problem solved.

They both suck.

And replace all the employees with self-checkout?

Wasn't it just bought by Tom Thumb, who shut down any of them remotely close to an existing Tom Thumb? So now Kroger will do the same, horrible for the consumer. Build Back Better

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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.
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