Kroger could announce a deal to buy rival grocery company Albertsons this week, sources told CNBC’s David Faber.
Shares of Albertsons jumped and were briefly halted Thursday morning after news that two companies are deep in talks. The stock was up more than 11% in afternoon trading. Kroger rose modestly.
The all-cash acquisition may be announced as soon as Friday morning, sources told Faber.
Source: CNBC
Omni Talk is the retail blog for retailers, written by retailers. Chris Walton and Anne Mezzenga founded Omni Talk in 2017 and have quickly turned it into one of the fastest growing blogs in retail. 