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Kroger Co in talks to buy Albertsons, reveals Bloomberg - Part 2

Kroger's $25 billion purchased of smaller US rival Albertsons doesn't appear to have gone down too well with the latter's investors.

Shares in Albertsons are down amost 8pc despite the confirmation that Kroger is paying $34.10 a share for grocer. Below is the link to the press release in case you haven't seen it:..

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Kroger Co in talks to buy Albertsons, reveals Bloomberg

Two of America's largest grocers are in talks about a multi-billion dollar merger.

Well, that's according to rivals at Bloomberg, who have just broken a huge story about Kroger holding merger talks with Albertsons.

The move could create $45 billion grocery giant across the USA.

Shares in Alberstons have just been halted. Developing.....

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