Kroger said it is buying rival Albertsons in a deal that values the company at $24.6 billion, one of the biggest ever grocery-industry purchases
Kroger Co. said it is buying rival Albertsons Cos Inc. in a deal that values the company at $24.6 billion, one of the biggest deals in the history of the grocery industry in the U.S.
By combining, the companies would gain greater scale and leverage to negotiate with vendors. The deal would also bolster the grocers’ market share and technology to compete better with Walmart Inc. and Amazon.com Inc.
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