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Kroger's $24.6-billion acquisition of Albertsons is the largest proposed supermarket merger in U.S. history. The FTC sues, alleging the deal is anti-competitive.
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Kroger Co. (KR) stock may be a good choice for value-oriented investors right now from multiple angles.
Kroger (KR) closed the most recent trading day at $44.53, moving -1.13% from the previous trading session.
In October 2022, Kroger announced that it was buying grocery store chain Albertsons in a deal that valued the company at $24.6 billion. [1] On November 29, 2022, the chief executives of the two companies went before the antitrust panel of the Senate Judiciary Committee to defend the merger. [2]
Kroger (KR) closed the most recent trading day at $43.45, moving +1.49% from the previous trading session.
Food 4 Less Holdings, Inc. Food 4 Less grocery store in Hollywood, California. (Closed in May 2021) [3] Food 4 Less is the name of several grocery store chains, the largest of which is currently owned by Kroger. [4] It is a no-frills grocery store where the customers bag their own groceries at the checkout.
Kroger Co (NYSE: KR) reported second-quarter FY22 sales growth of 9.2% year-on-year to $34.64 billion, beating the consensus of $34.25 billion. Identical Sales without fuel increased by 5.8%.