Albertsons ends merger with Kroger and sues it, seeking billions of dollars
The Boise-based supermarket chain said Kroger failed to exercise “best efforts” to secure regulatory approval of the merger.
Albertsons sues Kroger after merger blocked by federal court
When CEO Rodney McMullen said Kroger would be fine without approval of its merger with Albertsons, I asked “But how does Albertsons feel about that?”
Albertsons ends merger with Kroger, seeks billions of dollars in lawsuit
Albertsons called off its proposed sale to Kroger and sued the rival grocer for billions of dollars the morning after a federal judge in Portland blocked the merger. The deal would have combined the nation’s largest and second-largest traditional grocery chains into a colossus and extended a lifeline to Albertsons.
Albertsons ends merger deal, accuses Kroger of ‘self-serving conduct’
Albertsons is suing Kroger for breach of contract and accusing it of failing to exercise its “best efforts” to get regulatory approval for the merger.
Kroger, Albertsons Could Turn to Ad Business as Mega Merger Falls Through, Analysts Say
Kroger and Albertsons could turn to fast-growing and profitable advertising ventures to tackle competition and grow after a failed $25 billion merger between the two supermarket rivals, analysts said.
Analysts revamp price targets after Kroger-Albertsons deal update
Back in 2022, grocery chains Kroger (KR) and Albertsons announced an agreement intended to establish "a national footprint to serve America with fresh, affordable food for everyone." Related: Analysts revamp Amazon stock price target after AWS AI update There was talk of synergies and creating "a premier seamless ecosystem across 48 states and the District of Columbia.
'I think this merger is dead.' What's next for the Kroger Albertsons deal after 2 rulings?
With two judges ruling against its merger proposal, Kroger’s $25 billion bid to take over Albertsons was delayed at least a year and possibly forever.
Albertsons is now suing Kroger for billions. That won’t help it find another buyer, analysts say.
Grocery-store giant Albertsons Cos. said Wednesday that it is walking away from its merger with rival Kroger Co., a day after two judges blocked it.
Kroger Joins Line to Buy Back Debt After Albertsons Deal Fails
Kroger Co. has become the latest company that may be forced to buy back debt from investors after its attempt to purchase Albertsons Cos. was blocked by judges.
Merger meltdown: Albertsons sues Kroger over $24.6 billion deal gone sour
The move came the day after two judges halted the merger in separate court cases.
Kroger CEO McMullen gives Albertsons acquisition update, explains future plans
Kroger Co. CEO Rodney McMullen talked publicly Dec. 5 about where things stand on the supermarket giant’s planned $24.6 ...
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Federal judge blocks Kroger-Albertsons merger; Albertsons votes to terminate merger
A federal judge has temporarily rejected the Kroger Co.'s plan to acquire the rival Albertsons chain, saying the Federal Trade Commission is "likely to succeed on the merits" ...
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Kroger CEO: Q3 led by pharmacy and digital performance
Chairman and CEO Rodney McMullen said, “Kroger (KR ... market-moving breaking financial news. Try Now>> See Insiders’ Hot Stocks on TipRanks >> Read More on KR: Kroger NewsMORE Related Stocks ...
Kroger CEO responds to Albertsons merger, launches $7.5B share buyback
Kroger is buying back billions of dollars in stock, putting to use some of the capital it was planning to use to buy Albertsons.
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Kroger's "seamless shopping experience" - why digital and tech spend remains in the corporate basket
Kroger CEO Rodney McMullen credits over a decade of digital innovation and implementation for ongoing success.
Kroger Results Mostly Weaker Than Estimates as Albertsons Deal Remains Uncertain
Kroger shares slipped Thursday after the grocery giant reported third-quarter results mostly below analysts' estimates.
Kroger’s sales growth dinged by lower fuel prices and more — but it says many shoppers ‘feel better’
Supermarket giant Kroger said lower fuel prices and the sale of its specialty-pharmacy business weighed on third-quarter sales, and that it expects fourth-quarter same-store sales to be lower than ...