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Stock impact report

How the grocery mega-merger between Kroger and Albertsons fell apart [Yahoo! Finance]

Kroger Company (The) (KR) 
Last kroger company (the) earnings: 3/5 08:30 am Check Earnings Report
US:NYSE Investor Relations: ir.kroger.com
Company Research Source: Yahoo! Finance
A version of this article originally appeared in Quartz's members-only Weekend Brief newsletter. Quartz members get access to exclusive newsletters and more. Sign up here When America's creaky food supply chain was unwinding pandemic-era disruptions in 2022, two of the country's largest grocery store owners looked around the market and figured out that if they were ever going to to compete with Walmart, they would have to grow. A merger seemed like an ideal solution for Kroger and Albertsons. So after some talks, Kroger agreed to buy Albertsons for $24.6 billion in stock and cash. That deal would have created a grocery behemoth, combining Kroger's 2,700 stores and its 9.2% market share with Albertsons' 2,300 stores and 6.4% market share into the second largest U.S. grocery chain. (That would have still trailed far behind Walmart, which last year sold 23.6% of all groceries in the U.S.) But it all fell apart this month when a judge ruled that the Federal Trade Commission was rig Show less Read more
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