Learn why Kroger and Albertsons planned to merge
The companies said on Friday that Kroger plans to buy Albertsons in a $24.6 billion deal,
Which is a kind of merger that will merge the two largest grocery store chains in America.
The deal is likely to face intense scrutiny from federal regulators and critics.
Which is because it will create a new supermarket colossus at a time of rising food costs.
Let us tell you that compared to a year ago, grocery prices increased by 13% in September.
Let us tell you that Kroger is the largest supermarket operator in America, with 420,000 employees and more than 2,700 stores.
These include Ralph, Harris Teeter, Fred Meyer and King Sopers.
While Albertsons is the second largest supermarket company in the country, with 290,000 employees and approximately 2,300 stores,
These companies include Safeway and Vaughn.