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Kroger to buy popular grocery and pharmacy retailer in $1.65B deal

Kroger announced Wednesday it will acquire regional supermarket chain Giant Eagle in a $1.65 billion deal, marking the grocery giant's first major acquisition since regulators blocked its proposed $25 billion merger with Albertsons nearly two years ago.The acquisition will strengthen Kroger's presence across several Midwestern and Mid-Atlantic markets as traditional grocery chains compete with Walmart and Amazon while consumers continue searching for lower prices after years of elevated inflation."We evaluated the opportunity carefully, and the strategic fit is clear," Kroger CEO Greg Foran sa...