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Kroger seeks to buy rival grocer Albertsons in near $25 billion deal

FILE - A customer shops in a Kroger grocery store on July 15, 2022, in Houston, Texas. (Photo by Brandon Bell/Getty Images) Two of the nation's largest grocers have agreed to merge in a deal they say would help them better compete with Walmart, Amazon and other major companies that have stepped into the grocery business.Kroger on Friday bid $20 billion for Albertsons Companies Inc., or $34.10 per share. Kroger will also assume $4.7 billion of Albertsons' debt.Kroger, based in Cincinnati, Ohio, operates 2,800 stores in 35 states, including brands like Ralphs, Smith’s and Harris Teeter.

Alberstons, based in Boise, Idaho, operates 2,220 stores in 34 states, including brands like Safeway, Jewel Osco and Shaw’s. Together the companies employ around 710,000 people.The deal will likely get heavy scrutiny from U.S. antitrust regulators, especially at a time of high food price inflation.

If approved, the deal is expected to close in early 2024.RELATED: Kroger in talks to buy rival Albertsons: reportsTogether, the stores would control around 13% of the U.S. grocery market, assuming the sale or closure of around 400 stores for antitrust reasons, according to J.P. Morgan analyst Ken Goldman.Still, that is a distant second to Walmart's 22% share.

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Woman attends rodeo, gets struck by bull and realizes she has cancer - fox29.com - state California - state Texas - Houston, state Texas
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Woman attends rodeo, gets struck by bull and realizes she has cancer
REDDING, Calif. - Who knew getting injured by a runaway bull at a rodeo would actually lead to a cancer diagnosis? Paige King didn’t think so. The 25-year-old from Redding, California, said she took a trip to the local rodeo with her boyfriend back in May. King said during the last run, a bull broke out from the arena and was on the loose among spectators. RELATED: Genetically modified herpes virus shows promise in killing advanced cancer, study says"I looked to my left, and then all of a sudden, I look right back, and he’s [the bull] just coming right over the barrier right on top of us," she continued. King said she doesn’t exactly remember what happened next. "It’s something no one would ever think that would happen," Paige King said."I end up going to the ground, and all I can really remember after that is him [the bull] just picking me up," she added. King said she didn’t notice pain at first but her back eventually started to hurt. She said she believes the runaway bull’s hoof scraped her back leaving her with scratches, bruises, and fractures— which have now healed. But that was only the beginning of her medical journey. King said while getting checked out, doctors noticed a lump in her throat. She was then diagnosed with thyroid cancer. "I was just kind of taken back in shock.
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