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Kroger, Albertsons
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.
Here's why the Kroger merger with Albertsons was killed
Antitrust experts say a few core issues prompted the judges to say no the merger, ultimately dooming the deal.
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.
The Kroger-Albertsons merger fell apart. A UH professor explains why that's good for shoppers
University of Houston professor Steven Craig said the Krogers-Albertsons merger falling apart is a good development for shoppers.
Albertsons: Kroger Derailed Deal Due To “Buyer’s Remorse”
Kroger chose to sell as few stores as possible, ensured it was only selling Kroger’s worst performers, and opted to sell to one of the least-qualified buyers, Albertsons alleges
14h
The death of a deal: What's next for Kroger amid merger fallout?
Kroger, the nation’s largest operator of traditional supermarkets, would buy Albertsons, the second-largest such operator, ...
1d
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 ...
1d
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 ...
8d
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, ...
grocerydive
3d
5 lessons for grocers from the Kroger-Albertsons saga
The companies’ failed merger is a stark reminder of the risks food retailers face as they position themselves in a rapidly ...
3d
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 ...
3d
Kroger introduces new security system for gift card purchases this season
Kroger is taking the extra steps this holiday shopping season to make sure you don't get scammed while buying your presents ...
17h
Kroger price target raised to $75 from $70 at BofA
BofA raised the firm’s price target on Kroger (KR) to $75 from $70 and keeps a Buy rating on the shares. While the firm ...
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