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Cold water thrown on Kroger-Target merger talk

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chmcnfunds   Friday, 03/23/18 11:33:42 AM
Re: chmcnfunds post# 197
Post # of 228 
Cold water thrown on Kroger-Target merger talk

Mar. 23, 2018 8:48 AM ET|About: Kroger Co. (KR)|By: Clark Schultz, SA News Editor

Excitement over a potential merger between Kroger (NYSE:KR) and Target (NYSE:TGT) is already receding after CNBC reports that the two companies are only talking about a Shipt partnership. Target acquired online grocery player Shipt in December for $550M.

Kroger is now only up 2.61% in premarket action after soaring over 12% earlier. Target is still up about 2%.
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