Report: Parent companies of Mariano's, Jewel consider massive merger
Bloomberg reported Thursday that the parent companies of Mariano's and Jewel are on the verge of a massive merger.
Kroger, whose stores include more than 40 Mariano's locations in Illinois, and Albertsons, which has more than 170 Jewel stores in the Chicago area, are considering a cash-and-stock deal worth $25 billion, according to Bloomberg. An anonymous source told Bloomberg the deal could happen as soon as Thursday night.
Kroger acquired Mariano's in 2015, adding to a roster of grocery chains across the nation that includes Roundy's, Ralphs, Food 4 Less and King Soopers.
Jewel was acquired by Albertsons in 1999, putting it under the same umbrella as the massive Safeway chain, which has more than 900 locations.
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