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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