MERGER MANIA: Kroger, Albertsons Companies in talks for possible tie-up, report says
jumped Thursday following a report that it could merge with rival Kroger.
An agreement could potentially be reached as soon as this week, Bloomberg reported, citing sources familiar with the matter, but said that no final decisions have been made and thatRepresentatives for Albertsons and Kroger did not immediately return FOX Business' request for comment. In February, Albertsons' board of directors began a review of potential strategic alternatives aimed at enhancing the company's growth and maximizing shareholder value. A worker pushes shopping carts outside an Albertsons supermarket in Las Vegas, Nevada, U.S., on Friday, Jan. 7, 2022. Albertsons Cos is scheduled to release earnings figures on January 11.
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