Why Are Albertsons Shares Gaining Today?

  • Albertsons Companies Inc ACI rose 8% on a Bloomberg report on merger talks with competing grocer Kroger Co KR.
  • An agreement could be reached as soon as this week, people familiar with the matter said.
  • No final decisions have been taken, and talks could still be delayed or falter, according to the people. 
  • Price Action: ACI shares are up 8.10% at $27.75 on the last check Thursday.
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