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Exclusive: Albertsons in advanced talks to buy Price Chopper

from Reuters

U.S. supermarket chain Albertsons Companies Inc. is in advanced talks to acquire closely held grocery store operator Price Chopper for around $1 billion, people familiar with the matter said. A deal would underscore the wave of consolidation sweeping the U.S. grocery industry, as regional chains struggle to compete against online retailers, such as Inc., big box stores, such as Wal-Mart Stores Inc. and discount chains. such as ALDI Inc. more

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