Reports: Albertsons calls off Price Chopper deal

NEW YORK — Albertsons decided to drop its bid to buy Golub, parent company of Schenectady, N.Y’s, Price Chopper chain, according to several news reports.

Neither company confirmed merger talks, but Drug Store News reported on Nov. 30 the two companies could be nearing a $1 billion deal.

Golub currently operates 136 Price Chopper and Market 32 stores in New York, Vermont, Connecticut, Pennsylvania, Massachusetts and New Hampshire. It launched as a supermarket chain in 1932 after Russian immigrant Lewis Golub opened a wholesale grocery warehouse in 1922. 

Albertsons completed its $9.2 billion merger with Safeway two years prior to these merger discussions.