Published 2 years ago

Kroger agrees to buy rival grocery company Albertsons for $24.6 billion

Summary by Ground News

Kroger will buy Albertsons for $34.10 a share, a 30% premium over average share price. The merger will create one of the largest grocery store chains in the United States. Kroger CEO Rodney McMullen will become the newly merged company's CEO. Shares of Kroger slid 2% in premarket trading.

0 Articles

All

Left

Center

Right

Reuters

U.S. grocer Kroger carts away Albertsons for $25 bln but faces antitrust test

Kroger Co snapped up Albertsons Cos Inc in a $25 billion deal on Friday, creating a U.S. grocery behemoth to better compete with leader Walmart Inc on prices while bracing for potential antitrust roadblocks.

2 years ago·United Kingdom

Read Full Article

Associated Press News

Kroger seeks to create grocery giant in $20B Albertsons bid

Two of the nation’s largest grocers have agreed to merge in a deal that would help them better compete with Walmart, Amazon and other major companies that have stepped into

2 years ago·United States

Read Full Article

abc News

Kroger seeks to create grocery giant in $20B Albertsons bid

Two of the nation’s largest grocers have agreed to merge in a deal that would help them better compete with Walmart, Amazon and other major companies that have stepped into the grocery business

2 years ago·United States

Read Full Article

The Washington Post

Kroger says it will buy Albertsons, creating grocery empire

Grocery chains Kroger and Albertsons plan to join and compete with Walmart.

2 years ago

Read Full Article

KIFI

Kroger seeks to create grocery giant in $20B Albertsons bid - Local News 8

By DEE-ANN DURBIN AP Business Writer Two of the nation’s largest grocers have agreed to merge in a deal they say would help them better compete with Walmart, Amazon and other major companies that have stepped into the grocery business. Kroger on Friday bid $20 billion for Albertsons Companies Inc., or $34.10 per share. Kroger

2 years ago·Idaho Falls, United States

Read Full Article