Sprouts, Albertsons said to be in merger talks


Sprouts, Albertsons said to be in merger talks
 

The shares of Sprouts Farmers Market have jumped by more than 20 percent over the past week on speculation that the Phoenix-based chain of organic food stores could be acquired by Albertsons in a deal with potential impact to local shoppers and the companies' more than 18,000 combined Arizona workers.
A Bloomberg article late Sunday, without naming sources, reported that representatives of the two supermarket chains have held preliminary merger talks. Sprouts stock increased from under $18 a share to around $22 last week, closing Monday at $21.82 a share, down 20 cents a share for the day.... read more

 
Monday, 17:37 in Business, Views: 20
Source: AZCentral
 


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