Department Stores M&A » By The Online Investor Staff, updated Mon., Mar. 9, 10:36 AM
Recent mergers and acquisitions in the Department Stores M&A category.
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Slide #12. The Kroger Co. — Albertsons Cos
Acquirer:
The Kroger Co. (NYSE:KR)
Acquiree:
Albertsons Cos
Details:
The Kroger Co. (NYSE: KR) today shared additional insights about how the company lowered prices in previous mergers, bolstering its commitment to bring more consumers across America lower prices and more choices following its proposed merger with Albertsons Cos.
The Kroger Co. is a food and drug retailer. Co. operate supermarkets, multi-department stores and fulfillment centers throughout the U.S.. It operates approximately 2,722 supermarkets, 2,257 pharmacies and 1,665 fuel centers in 35 states and the District of Columbia while also operating online through a digital ecosystem to offer customers an omnichannel shopping experience. Co. also manufactures and processes food for sale by its supermarkets and online. It offers Pickup and Harris Teeter ExpressLane personalized, order online, pick up at the store services at 2,350 of its supermarkets and provide delivery, which allows it to offer digital solutions to substantially all of its customers.
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Avg. Broker Rec.
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Buy (3.00 out of 4) 69th percentile
(ranked higher than approx. 69% of all stocks covered)
Analysts' Target Price: KR Stock Forecast Based on Zacks ABR data; via Quandl.com |
