Grocery chain Albertsons is exploring buying Whole Foods, according to the Financial Times' James Fontanella-Khan.
The FT, citing sources close to the matter, said that the private equity funds that own Albertsons, including Cerberus Capital Management, have held talks with bankers regarding a takeover of Whole Foods.
STOCK PRICE FOR WFM
Albertsons merged with rival grocery chain Safeway in 2014 and explored an initial public offering in 2015 before deciding against it.
Discover the most popular grocery store in each state:
While Foods has been struggling with sales woes for some time and announced in February that it was shuttering nine stores during the first part of 2017.
Two weeks ago, activist hedge fund Jana Partners announced it had taken a 9% stake in Whole Foods and was pushing for changes at the high-end grocer, including a possible sale.
In response to the news, shares of Whole Foods spiked roughly 4% as of 1:46 p.m. ET.
This simple Wi-Fi range extender eliminated dead zones and saved me from buying a more expensive router
This site offers high-end watch brands at some of the most competitive prices you'll find
Trump is getting slammed for saying 'congratulations' to a Purple Heart recipient