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Here's why Kroger merger with Albertsons was killed
The Kroger-Albertsons merger is officially kaput. What's next?
Kroger, the nation’s largest operator of traditional supermarkets, would buy Albertsons, the second-largest such operator, for $24.6 billion and merge it into Kroger’s operations. The deal would combine Cincinnati-based Kroger and its 2,722 stores with Boise, Idaho-based Albertsons and the 2,271 stores it operates.
What Killed a $20 Billion Grocery Deal? Albertsons Says Kroger Did
In an unsealed complaint, Albertsons claims that Kroger’s hubris and reluctance to divest of stores sank their merger; Kroger has said its rival breached the agreement.
Albertsons said in unsealed filing that Kroger had ‘buyer’s remorse’ after inking merger
Albertsons’ breach-of-contract claims, filed in a Delaware chancery court Dec. 11, allege Cincinnati-based Kroger “put itself first” in the face of regulatory opposition to the merger and ignored Albertsons’ suggestions for how to get the deal approved.
20h
Kroger's Strategic $5 Billion Buyback Plan: A Boost for Shareholders
KR's $5 billion ASR program represents a strong step in boosting shareholder value and demonstrates its robust financial ...
7d
Fresh Take: Albertsons Sues Kroger As Merger Falls Apart, And UFCW Calls For Kroger CEO To Resign
Forbes' latest edition of its Fresh Take newsletter features the details of how a deal between Kroger and Albertsons fizzled, ...
ProgressiveGrocer
17h
THE FRIDAY 5: Albertsons’ Lawsuit Against Kroger Unsealed; Dollar Tree Gets New CEO
Dollar Tree, meanwhile, has permanently elevated Michael C. Creedon, Jr., to the role of CEO of the company. Creedon stepped ...
21h
Kroger Launches $5 Billion Accelerated Share Repurchase: Details
Kroger stock is slightly up after announcing a $5 billion Accelerated Share Repurchase, part of its $7.5 billion repurchase ...
16h
Citizens group drops opposition to new Newport Kroger
The West Side Citizens Coalition withdrew its opposition to the store. Plans for a second Kroger store in Newport are set to ...
2d
Which Grocery Stores Are Owned By Kroger?
Is your grocery store actually owned by Kroger? Get familiar with the Kroger family tree and find out how far this retail ...
4h
Kroger committed to phase out plastic bags by 2025. What to know about the initiative
Kroger previously committed to phasing out single use plastic bags by 2025. With the deadline approaching, here's where the ...
16h
Kroger adds to its already dominant share of the $8B local grocery market
Kroger’s 58 Central Ohio stores gained almost four full percentage points of share compared with last year. That's a figure ...
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