The Kroger Co.’s stock price surged Tuesday amid lingering reports in the investor community of an acquisition by Ahold Delhaize.
Kroger’s stock price rose 3.4 percent on speculation of a potential Ahold Delhaize takeover, following the Cincinnati-based retailer’s share price slipping to a multiyear low of $19.69 earlier this week.
The Wall Street rumor mill of a deal between the two retailers—which, if it comes to pass, would create an estimated $180 billion grocery behemoth—has been swirling in recent months following Amazon's acquisition of Whole Foods, which triggered a new round of M&A activity in the grocery sector.
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