Kroger's plan to acquire supermarket rival Albertsons in a nearly $25 billion deal would create a grocery juggernaut with more than 4,500 stores in 48 states. Here's how it could affect shoppers:
McMullen:"I would expect to be very limited. The thing that it will allow us to do is obviously bigger-scale. We'll be able to continue to invest in our associates on pay and invest in the customers on pricing. ... I'm sure we'll learn from each other. We'll get the benefit of that."What does Kroger get from taking over Albertsons?
A major part of the deal's appeal is it is a"complementary" or"bolt-on" acquisition. It mostly expands Kroger into territories where it has a thin presence or where Kroger isn't.
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