Sacramento, CA — A proposal by the nation´s largest grocery store chain to acquire the nation´s second largest chain could have an effect on the Mother Lode.
A report in the Wall Street Journal says Kroger Incorporated of Cincinnati has made an offer to purchase the Albertson´s chain for an undisclosed amount of money.
The acquisition would widen the Kroger presence in Northern California by adding the Albertson´s stores to the chain of Ralph´s store it already owns.
Analysts say the price tag of the deal could be as high as $10 Billion, in addition to the assumption of Albertsons´ $6.5 billion debt.
Kroger is the sixth company to bid on the ailing Albertson´s chain since the company announced its intention to sell last month.
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Nexus Youth Center | 2:30 pm - 5:00 pm
Calaveras Roadway Comprehensive Safety Action Plan
Jenny Lind Fire Station | 6:00 pm - 8:00 pm
Calaveras Roadway Safety Action Plan
Jenny Lind Fire Station | 6:00 pm - 8:00 pm
San Andreas Town Hall | 1:30 pm - 5:00 pm
Rangeland Trust Film Screening
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Calaveras Roadway Comprehensive Safety Action Plan
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Columbia College Men's Basketball Game
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