The companies said Kroger agreed to buy Albertsons for $34.10 a share in a deal valued at $24.6 billion.
Kroger and Albertsons also each have numerous store banners, including names that the operators have acquired over the years. Kroger's banners include Fred Meyer, Ralphs and King Soopers, and Albertsons' banners include Safeway, Acme and Tom Thumb.Kroger captured about 9.9% of the U.S. grocery market in the 12 months ended June 30, according to market researcher Numerator. Albertsons' share was 5.7%.
Some of the companies' markets have significant overlap, such as Southern California, Colorado, Seattle and parts of the Midwest and Texas, Simeon Gutman, a retail analyst for Morgan Stanley, wrote in a research note Thursday. Other regions, such as the Northeast and Southeast, have very little overlap.
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