Albertsons Terminates Merger Agreement - Yahoo Finance

BOISE, Idaho, December 11, 2024--Albertsons Companies, Inc. (NYSE: ACI) (the "Company") …

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Albertsons Terminates Merger Agreement

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Albertsons Demands Billions From Rival Kroger After Terminating …

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Dec 11, 2024 · (Reuters) -Albertsons and Kroger terminated their $25 billion merger plan on …

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FAQs about Albertsons Terminates Merger Agreement - Yahoo Finance Coupon?

Why did Albertsons terminate its merger agreement with Kroger?

Albertsons Companies (NYSE:ACI) announced today that it has terminated its merger agreement with Kroger Company (NYSE:KR) following injunctions from both the U.S. District Court in Oregon and the King County Superior Court for the State of Washington. The court rulings, issued on December 10, 2024, effectively blocked the proposed merger. ...

What happened to Albertsons?

The merger, announced in 2022, sought to combine the fifth and tenth largest retailers in the country. The companies own dozens of grocery chains, including Safeway, Vons, Harris Teeter and Fred Meyer. “We have made the difficult decision to terminate the merger agreement,” Albertsons CEO Vivek Sankaran said in a statement Wednesday. ...

Why is Albertsons suing Kroger?

Albertsons said it was suing due to Kroger's failure to take "any and all actions" to get the deal approved. "Given the recent federal and state court decisions to block our proposed merger with Kroger, we have made the difficult decision to terminate the merger agreement," Albertsons CEO Vivek Sankaran said. ...

Will Albertsons merge with C&S?

We believe our merger with Albertsons and the comprehensive divestiture to C&S will result in the best outcomes for customers, associates and our communities. In light of our continuing dialogue with the regulators, we are updating our anticipated closure timeline. ...

Did Albertsons increase its dividend & authorize a $2 billion buyback?

Albertsons among other initiatives increased its dividend and authorized a $2 billion stock buyback. Kroger in its statement said its board “is currently evaluating next steps that serve the best interests of Kroger’s customers and associates, and create value for shareholders.” ...

What will Albertsons expect in fiscal 2024?

For fiscal 2024, Albertsons expects: annual identical sales growth in the range of 1.8% to 2.2%; and annual adjusted net income per Class A common share in the range of $2.20 to $2.30 per share. Albertsons announced that its Board of Directors intends to increase its quarterly cash dividend 25% from $0.12 per share to $0.15 per share. ...