On October 14, 2022, Kroger announced its intent to merge with Albertsons, with Kroger acquiring all Albertsons shares and divesting some stores to secure regulatory approval. The $24.6 billion transaction was expected to close in early 2024. The announcement was met with criticism due to the potential for monopolies to form in some U.S. cities that have few other grocery chains, as well as food deserts that would form from store closures.
On October 14, 2022, Kroger announced its intent to merge with Albertsons, with Kroger acquiring all Albertsons shares and divesting some stores to secure regulatory approval. The $24.6 billion transaction was expected to close in early 2024. The announcement was met with criticism due to the potential for monopolies to form in some U.S. cities that have few other grocery chains, as well as food deserts that would form from store closures.