DAWN THIS MORNING AND WAS TAKEN TO THE HOSPITAL FOR A MENTAL
HEALTH E VALUATION.
>>> A CONSUMER STORY LOTS ARE TALKING ABOUT.
KROGER WANTS TO BUY ALBERTSON’S
FOR $20 MILLION.
THAT COULD COMBINE TWO OF
CHICAGO’S BIGGEST GROCERY CHAINS.
JEN IS LIVE WITH THE LATEST.
>> Reporter: LAUREN, THOSE TWO
GROCERY STORES RIGHT OFF HERE IN ROSCOE.
BEHIND ME IS MARIANO’S, ALSO
JEWEL’S.
THEY ARE SAYING THEY CAN’T GET
EVERYTHING THEY WANT AT ONE OR
THE OTHER.
THIS USED TO BE A DOMINIK’S.
THE TWO MAJOR PLAYERS IN THE CITY OF CHICAGO, AND THERE I
AFFECTIONATELY CALLED IT THE
JEWELS AS MANY PEOPLE DO.
THIS MORNING, THE OWNER OF
MARIANO’S MADE PLANS AND
ANNOUNCED THAT IT IS GOING TO
BUY JEWEL OSCO. THEY SAY THEY HAVE AGREED TO
MERGE WITH ALBERTSON’S COMPANIES
INCORPORATED IN A $20 BILLION BID.
THE DEAL IS VALUED AT
$24.6 BILLION.
ALREADY BOTH COMPANIES BOARDS APPROVED THE AGREEMENT.
CURRENTLY, WALMART HAS THE
LARGEST MARKET SHARE IN THE
UNITED STATES FOLLOWED BY
KROGER, COSTCO, AND ALBERTSON’S
RESPECTIVELY.
A MERGE WOULD CLOSE THE GAP BETWEEN WALMART AND KROGER.
TOGETHER, ALBERTSON’S AND KROGER
CURRENTLY EMPLOY MORE THAN
710,000 ASSOCIATES.
KROGER CEO ROGER McMULL LYNN
SAYING THIS MERGE ACCELERATES OUR POSITION AS A MORE
COMPELLING ALTERNATIVE TO LARGER COMPETITORS.
THEY’RE BOTH UNION GROCERY STORE
STORES.
LOCAL UNION HAS NOT GOTTEN BACK
TO US YET.
ANOTHER REID LEADER OF AN
ADVOCACY GROUP I SPOKE WITH SAID
MARIANO’S IS A FANTASTIC WORKER, SO THIS IS A GOOD THING FOR
THEIR ORGANIZATION. NOW, THE DEAL WOULD REQUIRE
REGULATORY APPROVAL, AND IT’S
NOT EXPECTED TO CLOSE UNTIL
EARLY 2024.
IN ROSCOE VILLAGE, BACK TO YOU.