Kroger unveils $24.6 bln deal to buy smaller grocery chain Albertsons

Kroger unveils $24.6 bln deal to buy smaller grocery chain Albertsons

Kroger has inked a deal with Albertsons to purchase the smaller grocery retailer for $24.6 billion. The acquisition will establish a national footprint “to serve America with fresh, affordable food,” according to a statement released by the companies on Friday. Kroger Co. KR, -2.64% shares fell 3.18% before market open, while Albertsons Cos. Inc.’s ACI,…