Wednesday, November 30, 2016

Albertsons in advanced talks to buy Price Chopper


U.S. supermarket chain Albertsons Companies Inc is in advanced talks to acquire closely held grocery store operator Price Chopper for around $1 billion, people familiar with the matter said on Tuesday.

A deal would underscore the wave of consolidation sweeping the U.S. grocery industry, as regional chains struggle to compete against online retailers such as Amazon.com Inc, big box stores such as Wal-Mart Stores Inc, and discount chains such as ALDI Inc.. . . more

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