Kroger in talks with rival to create supermarket giant: report
Grocery company Kroger is in talks to merge with smaller rival Albertsons in a tie-up that would create a supermarket titan, people familiar with the matter said.
A deal could be announced as soon as this week if the talks do not fall apart, said the sources, who requested anonymity as the discussions are confidential. Some critics noted that a merger would lessen competition among United States grocery chains and potentially lead to higher prices for American shoppers. A deal would create a combined company with a market valuation of about $47 billion, representing one of the biggest mergers in recent years in the retail space.reported by BloombergMerger talks between the two biggest US supermarket chains come at a time when Walmart has focused on expanding its own grocery business.
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