Kroger Co. is in talks about a tie-up with rival Albertsons Cos. in a deal that would create a US grocery giant, people familiar with the matter said.
An agreement could be reached as soon as this week, the people said, asking not to be identified discussing confidential information. No final decisions have been made and talks could still be delayed or falter, according to the people.
These talks come amid a dramatically different dealmaking landscape. Soaring food prices are a key driver behind inflation in the US, while industry consolidation has given top players in the space much greater market share. That could present a number of political and regulatory hurdles for this kind of tie-up, as politicians blame corporate greed for higher prices, while antitrust officials eye tougher merger rules.
Nationwide, Kroger is the No. 2 grocery seller, with a 9.9% market share compared with Walmart Inc.’s almost 21%, according to Numerator. Albertsons is fourth with 5.7%.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
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...
Leer más »
Kroger in talks to buy rival Albertsons: reportsAlbertsons shares rose and were briefly halted Thursday morning after reports of the potential merger surfaced. FOX13
Leer más »
Factbox: Mega merger talks turn spotlight on Kroger, AlbertsonsGrocery giant Kroger Co (KR.N) is to merge with smaller rival Albertsons Companies Inc (ACI.N), Bloomberg News reported on Thursday, in what would be one of the biggest deals in the U.S. retail landscape in recent years.
Leer más »
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.
Leer más »
Reports: Kroger may buy Albertsons in grocery megamergerKroger is reportedly in talks to buy Albertsons in a deal that would combine two of the nation's largest grocery chains.
Leer más »