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2nd Largest Market Chain

May Acquire Price Chopper

Shopper Mark Zeek of Cooperstown exits the Chestnut Street supermarket this afternoon. The company also has markets in Oneonta and Richfield Springs. (Jim Kevlin/AllOTSEGO.com)
Shopper Mark Zeek of Cooperstown exits the Chestnut Street supermarket this afternoon. The company also has markets in Oneonta and Richfield Springs. (Jim Kevlin/AllOTSEGO.com)

Supermarket chain Albertsons Companies is in advanced talks to acquire closely held grocery-store operator Price Chopper for around $1 billion, people familiar with the matter told Forbes magazine, which first reported it last Tuesday.

The magazine estimated the transaction could be worth $1 billion, although it quoted sources cautioning negotiations may be unable ro reach a deal.

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