– Kroger and Albertsons plan merger to combine 2 largest supermarket chains Enlarge this image toggle caption Brandon Bell/Getty Images Brandon Bell/Getty Images Kroger plans to buy Albertsons in a deal valued at $24.6 billion, a merger that would combine the two largest grocery-store chains in the U.S., the companies said on Friday.
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– The deal is likely to draw intense scrutiny from federal regulators and critics as it would form a new supermarket colossus at a time of soaring food costs.
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– Grocery prices jumped 13% in September compared to a year ago.
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– Albertsons is the country's second-largest supermarket company, with 290,000 employees and almost 2,300 stores, including Safeway and Vons.
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– The two overlap in several markets, largely in the western part of the country.
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– Albertsons merged with rival Safeway in 2015, then unsuccessfully tried to merge with pharmacy chain Rite Aid in 2018 and eventually went public in 2020.
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Kroger and Albertsons plan merger
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