Supermarkets are merging again. What does that mean for your grocery bill?
from The Washington Post
The grocery market has been on something of a trading bender as of late. A couple weeks ago, supermarket giant Kroger announced it was buying Harris Teeter, the high-end chain centered in the Southeast, for $2.4 billion. A couple months earlier, Cerberus Capital Management bought five smaller chains including Albertson's. Just last week, Spartan Stores bought the military commissary outfit Nash Finch, the recently bankrupted A&P put itself on the market. What's going on here? And what does the flurry of mergers and acquisitions have to do with the price of beans?
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