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.
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 Deal Termination Looms, Analysts Say
The Albertsons logo is seen on an Albertsons grocery store, as Kroger agrees to buy rival Albertsons in a deal to combine the two supermarket chains, in Riverside, California, U.S., October 14, 2022.
'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.
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.
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.
Albertsons gives up on $24.6 billion Kroger merger and instead sues the chain for not doing enough to get deal approved
The move came the day after two judges halted the merger in separate court cases.
Kroger Reiterates Its Commitment to Lower Prices and Initiates New $7.5B Share Buyback Program
The Kroger Co. (NYSE: KR) today terminated its merger agreement with Albertsons after the U.S. District Court for the ...
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 ...
Produce Blue Book1h
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?” ...
What the latest legal drama between Kroger and Albertsons means for Whatcom County stores
After failed merger, Albertsons sues its former prospective partner, and workers’ unions call for a reinvestment into stores.
What new legal drama between Kroger-Albertsons means to their South Sound-area stores
After failed merger, Albertsons sues its former prospective partner, and workers’ unions call for a reinvestment into stores.
Inflation Ticked Up to 2.7% in November
The consumer-price index rose 2.7% from a year earlier, a sign that the path to bringing down price pressures remains bumpy.
The Olympian4h
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.
Times West Virginian3h
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 ...
Local News 82h
Albertsons calls off merger and sues Kroger
Grocery chain Albertsons called off its $25 billion merger with Kroger, ending the largest proposed merger in US supermarket ...
WCPO Cincinnati4h
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" ...
Diginomica2d
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.