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Albertsons stock heads higher amid report of Kroger merger interest

albertsons-stock-heads-higher-amid-report-of-kroger-merger-interest

Shares of Albertsons Cos. Inc. ACI, +12.13% were up more than 11% in Thursday morning trading after Bloomberg News reported that Kroger Co. KR, was in merger talks with the smaller grocer. Kroger shares were down more than 2%. The report cited anonymous sources and noted that while a deal could be hammered out as soon as this week, talks could also fall through or be delayed. Shares of Albertsons were paused for volatility at 9: 52 a.m. ET, and trading resumed five minutes later. Albertsons shares have gained 4.3% over the past 12 months as the S&P 500 SPX, +2.52% has declined 18%.

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