According to CNBC, the deal is valued at $24.6 billion.
In the Chicago area, Kroger owns and operates Mariano's grocery stores.
Together, 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. Goldman said a stronger combined company could possibly help tame food price inflation, since it would have more power to reject food producers’ price increases.
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