Kroger, Albertsons To Merge In $24.6B Deal
View Source | October 17, 2022 5:01 am
- 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.
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