Friday, March 23, 2018

Target, Kroger shares rise on merger report, but source tells CNBC there are no talks

CNBC

There is "no truth" to a report that Target and Kroger are in merger talks, a source close to the matter told CNBC on Friday.

Shares in both companies surged in premarket trading Friday after Fast Company reported the two were discussing a merger deal. It cited several people with knowledge of the matter.

The report said the two companies first started discussing a partnership last summer but decided "a merger is the best path forward.". . . more