New York CNN Business —
In a mega-deal that could have a huge impact on grocery shopping in America, Kroger and Albertsons announced Friday plans to merge.
If approved by regulators, the nearly $25 billion deal would be one of the biggest in US retail history.
The proposed merger, which the companies expect to complete in 2024, would combine the fifth and tenth largest retailers in the country. The companies own dozens of chains, including Safeway, Vons, Harris Teeter and Fred Meyer and reach a combined 85 million households.
Kroger (KR) and Albertsons, which
→ Continue reading at CNN - Business News
