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Axios
Axios
Business

Kroger snaps up Albertsons in grocery megamerger

Kroger Albertsons Neil Saunders Walmart

Kroger said Friday morning it will buy Albertsons in a deal that would combine two of the nation's largest grocery chains.

Driving the news: The deal carries an enterprise value of $24.6 billion and combines the second and fourth largest U.S. food retailers, with around 8% and 5% market share, respectively.

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