Kroger buying Albertsons for $24.6 billion to create grocery giant, will sell hundreds of stores

Kroger buying Albertsons for $24.6 billion to create grocery giant, will sell hundreds of stores

By Brendan Case, Michelle F. Davis and Ruth David | Bloomberg
Kroger Co. agreed to buy Albertsons Cos. in a deal with an enterprise value of $24.6 billion that would create a US grocery giant with almost 5,000 stores and annual revenue of about $200 billion.
Investors will receive $34.10 for each share in Albertsons, which includes a special dividend, the companies said in a statement Friday.…

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