Kroger Reportedly Bid for Online Club Retailer Boxed

Source: Forbes, Friday, Jan 12, 2018, an online club retailer, is an acquisition target of grocery giant Kroger as well as other major retailers. It appears that Boxed would pursue a quick auction process should multiple retailers make formal bids. Kroger has already made a formal offer, though the value of that offer is unknown. Costco, Target, and Aldi have also been mentioned as potential bidders. Boxed had raised money in 2016 at a valuation of $470 million.