Chains More Open to Merger Opportunities

CINCINNATI Two of the industry's largest chains said last week they might be more open to pursuing acquisitions of varying sizes. Speaking with analysts during Kroger's year-end financial conference call, Rodney McMullen, vice chairman, said price has been an issue as Kroger has evaluated possible acquisitions. It hasn't been a lack of looking but a lack of being able to get a price we think works

CINCINNATI — Two of the industry's largest chains said last week they might be more open to pursuing acquisitions of varying sizes.

Speaking with analysts during Kroger's year-end financial conference call, Rodney McMullen, vice chairman, said price has been an issue as Kroger has evaluated possible acquisitions. “It hasn't been a lack of looking but a lack of being able to get a price we think works for us and the seller,” he explained. “We continue to see a lot of things out

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