Kroger CEO moves on from 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 in a megadeal.
Kroger and Albertsons look ahead after merger deal collapses
The grocers both signaled that they are in strong financial shape and said they would devote billions of dollars to repurchase shares from investors.
Kroger’s stock is on pace to close at record high as Albertsons deal dies. It faces these questions ahead.
Free from the financial burdens of trying to buy rival Albertsons, shares of supermarket giant Kroger were sitting at new highs on Thursday.
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 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 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.
Kroger-Albertsons merger is off. What's that mean for Arizona shoppers?
Two federal court rulings blocked the $25 billion merger of the supermarket giants and Albertsons sued Kroger for its handling of the deal. What now?
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.
Albertsons Gives up on Kroger Merger and Sues the Grocery Chain for Failing to Secure Deal
Albertsons is giving up on its merger with Kroger a day after it was rejected in two courts and it is suing the grocery chain, saying it didn’t do enough to secure regulatory approval of the $24.6 bil
Albertsons suing Kroger 'for billions,' cancels merger after court rulings
Albertsons announced Wednesday it is pulling out of its plans to merge with Kroger, citing two court rulings on Tuesday barring the transaction.
Adobe outlook disappoints, Kroger announces $7.5B buyback: Morning Buzz
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. Pick the best stocks and maximize your
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 ...
"Willful breach": Albertsons hits Kroger with massive lawsuit as merger sours
Kroger, meanwhile, dismissed the claims as “baseless and without merit,” saying the company went to “extraordinary lengths” ...
Drug Store News8h
Kroger reiterates commitment to lower prices, raise wages after Albertsons calls off merger
Following on the heels of Albertsons terminating its merger agreement with Kroger, Kroger shared that it is reiterating its ...
WCPO Cincinnati23h
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" ...
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 ...
Diginomica3d
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.