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