By Amanda Pérez Pintado
Source: USA Today
Grocery store giant Kroger is in talks to merge with rival Albertsons.
A deal could be reached as soon as this week, but no final decision has been made and talks could still be delayed or falter, Bloomberg reported, citing unidentified sources familiar with the matter.
The all-cash acquisition could be announced as soon as Friday morning, CNBC reported, also citing anonymous sources.
Shares of Albertsons jumped more than 11% after reports of the merger, while Kroger’s stock dropped about 2%.