Kroger and albertsons companies announce definitive merger agreement

Kroger (nyse: kr) and albertsons companies, inc. (nyse: aci) today announced that they have entered into a definitive agreement under which the companies will merge two complementary organizations with iconic brands and deep roots in their local communities to establish a national footprint and unite around kroger's purpose to feed the human spirit. through a family of well-known and trusted supermarket banners, this combination will expand customer reach and improve proximity to deliver fresh and affordable food to approximately 85 million households with a premier omnichannel experience.
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