(Cincinnati Enquirer) Kroger is discussing a possible merger with Target, according to a Fast Company report, citing unnamed sources.
The two companies have been in talks since last summer as Minneapolis-based Target looks to boost its grocery business and Cincinnati's Kroger seeks to ramp up e-commerce efforts, according to the publication. Talks have continued since the fall, but neither side is sure a merger is the best plan.
Combined, Kroger and Target would have total sales of $195 billion and 4,600 stores nationwide. The transaction, if it took place, would be a merger valued at more than $35 billion (the combined value of Kroger's outstanding shares and debt)
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