Kroger and Albertsons Companies last week announced that they have entered into a definitive agreement under which the companies will merge through Kroger's 24.6 billion acquisition.
The deal has Kroger paying $34.10 a share and it will create two complementary organizations aiming to establish a national footprint and unite around Kroger's Purpose to Feed the Human Spirit.
Kroger is the second-largest grocer by market share in the United States, behind Walmart, and Albertsons is fourth, after Costco, according to CNBC.
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