MEGA MERGER: Grocery chain Kroger to buy rival Albertsons in $24.6B deal
FOX Business' Jeff Flock speaks with Morning Consult Food & Beverage analyst Emily Moquin, who warns disruption in Florida fertilizer exports could impact crops nationwide.
Grocery chain Kroger will buy rival Albertsons in a deal valued at $24.6 billion, the companies announced on Friday. "This merger advances our commitment to build a more equitable and sustainable food system by expanding our footprint into new geographies to serve more of America with fresh and affordable food and accelerates our position as a more compelling alternative to larger and non-union competitors," Kroger CEO Rodney McMullen, who will continue to lead the combined company, said in a statement.
Together the companies employ over 710,000 people and operate nearly 5,000 stores across 48 states and the District of Columbia.
South Africa Latest News, South Africa 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 Kroger
Read more »
Albertsons stock heads higher amid report of Kroger merger interestShares of Albertsons Cos. Inc. undefined were up more than 11% in Thursday morning trading after Bloomberg News reported that Kroger Co. undefinedwas in...
Read more »
Kroger is said to be in talks to combine with rival AlbertsonsKroger Co. is in talks about a tie-up with rival Albertsons Cos. in a deal that would create a U.S. grocery giant, people familiar with the matter said. An...
Read more »
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.
Read more »
Kroger in talks to buy rival Albertsons: reportsAlbertsons shares rose and were briefly halted Thursday morning after reports of the potential merger surfaced. FOX13
Read more »