Dear Client: During our mid-year recap of M&A deals, we noted that the number of deals this year was slightly outpacing last year. That trend continued into the second half of the year as well. Indeed, in 2022 we've reported about 70 deals across supplier, distributor and retailer tiers. By our count, that's about 10 more deals than last year. In 2021, there were several billion-dollar deals. This year the biggest deal was the announcement that Kroger and Albertsons
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