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Kroger Wants to Merge With Albertsons to Create US Grocery Giant

  • Deal would create company with more than $200 billion revenue
  • With about 5,000 stores, it would be Walmart’s top competitor
Bloomberg business news
Kroger Said to Be in Talks to Buy Rival Albertsons
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Kroger Co. is in talks about a tie-up with rival Albertsons Cos. in a deal that would create a US grocery giant with annual revenue of more than $200 billion and about 5,000 stores, according to people familiar with the matter.

A cash-and-stock deal valuing Albertsons at about $25 billion could be reached as soon as today, the people said, asking not to be identified discussing confidential information.