Rumor Mill: Target and Kroger Talk Merger
Rumor has it that Target and Kroger are talking about a merger. Citing unnamed sources, an article by Fast Company reports that the companies started discussing the prospect last summer, as the deal would be a boost to Target’s grocery business, while Kroger would reap the benefits of more merchandise and e-commerce.
However, CNBC is reporting that the two companies are not in talks to merge but rather are discussing Target’s acquisition of Shipt, a same-day delivery company, which occurred in December.
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