Kroger-Albertsons Merger Faces Long Road Before Approval
Consumer advocates, unions and independent grocers are against a deal that would join Kroger and Albertsons, and be lucrative for investors.
Consumer advocates, unions and independent grocers are against a deal that would join Kroger and Albertsons, and be lucrative for investors.
Albertsons wants to pay $4 billion to shareholders ahead of its proposed merger with Kroger, a move that would require the already debt-ridden company to borrow $1.5 billion.
Flush with capital, the funds have gone bargain hunting in Britain, snapping up everything from supermarkets to defense companies.
