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, plus a look Mr. Yoshida's Japanese BBQ sauce.
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.
Kroger nixes deal to merge with Albertsons
CINCINNATI — The Kroger Co. has terminated its $24.6 billion agreement to acquire Albertsons Cos., announcing the move hours after its merger partner said it exited the deal.
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.
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 commitment to lower grocery prices, raise wages and support local communities.
Kroger is prepared to go it alone if Albertsons deal falls through, chief executive says
We’ve always made sure that we don’t need to do mergers to make our business successful,” President and CEO Rodney McMullen told investors Thursday.
Albertsons ending merger agreement with Kroger
By Zachary Stieber Contributing Writer Albertsons said on Wednesday it is ending its merger agreement with Kroger. Albertsons said that Kroger breached the agreement the companies had reached, including by not
Albertsons calls off merger with Kroger. Now what?
Grocery workers in the Puget Sound region were relieved as a merger between Albertsons and Kroger broke down. The two grocery giants that had planned to merge are now at loggerheads. Albertsons announced it’s pulling out of the agreement with Kroger,
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.
Local unions group seeks ouster of Kroger CEO after $7.5 billion buyback plan
Some United Food and Commercial Workers (UFCW) local unions on Friday urged Kroger's board to replace CEO Rodney McMullen ...
NKyTribune3h
Kroger, Albertsons $20 billion merger blocked by federal judge who cites lack of competition
The Rural Blog The planned $20 billion merger between Kroger and Albertsons was blocked by a federal judge who “agreed with ...
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 ...
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.
Diginomica6d
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.
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 ...