Albertsons Companies Inc
NYSE:ACI

  • LAST PRICE
    19.5200
  • TODAY'S CHANGE (%)
    0.1600 (0.8264%)
  • Bid / Lots
    19.5300/ 12
  • Ask / Lots
    19.6000/ 2
  • Open / Previous Close
    19.2500 / 19.3600
  • Day Range
    19.1000
    19.5850
  • 52 Week Range
    17.7950
    23.4700
  • Volume
    2,661,463

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  • Today

  • Nov 6, 2024

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    • 3:18PM ET on Wednesday Nov 06, 2024 by Dow Jones
      Companies Mentioned: GOOGL, KR, NVDA, AAPL, AMZN, ACI, GOOG

      By Evie Liu

      Kroger stock jumped nearly 4% on Wednesday on prospects of a more lax environment for corporate mergers once Donald Trump is sworn in as president.

      Kroger proposed to acquire rival Albertsons in 2022 amid fierce competition from big-box retailers such as Walmart and Costco, as well as e-commerce giant Amazon. But the Federal Trade Commission sued to block the deal, claiming it would reduce competition and hurt consumers and workers.

    • 8:30AM ET on Wednesday Nov 06, 2024 by PR Newswire
      Companies Mentioned: KR, ACI

      The Kroger Co. (NYSE: KR) (the "Company" or "Kroger") announced today that it has extended the expiration date of the previously announced offers to exchange (the "Exchange Offers") any and all outstanding notes (the "ACI Notes") of Albertsons Companies, Inc. (NYSE: ACI) ("ACI"), New Albertsons, L.P., Safeway Inc., Albertson's LLC, Albertsons Safeway LLC and American Stores Company, LLC, as applicable, for up to $7,441,608,000 aggregate principal amount of new notes to be issued by the Company (the "Kroger Notes") and cash. Additionally, Kroger announced today that it has extended the expiration date for the related solicitations of consents (collectively, the "Consent Solicitations") to adopt certain proposed amendments (the "Proposed Amendments") to the indentures (collectively, the "ACI Indentures") governing the ACI Notes, solely with respect to the Unconsented Series (as defined in the Company's press release issued on September 11, 2024). The Company hereby extends such expiration date from 5:00 p.m. New York City time on November 7, 2024 to 5:00 p.m. New York City time on November 14, 2024 (as the same may be further extended, the "Expiration Date").

    • 8:30AM ET on Wednesday Nov 06, 2024 by Dow Jones
      Companies Mentioned: KR, ACI
      healthcare industry, including pharmacy benefit managers; Kroger's ability to negotiate modifications to multi-employer pension plans; natural disasters or adverse weather conditions; the effect of public health crises or other significant catastrophic events; the potential costs and risks associated with potential cyber-attacks or data security breaches; the success of Kroger's future growth plans; the ability to execute Kroger's growth strategy and value creation model, including continued cost savings, growth of Kroger's alternative profit businesses, and Kroger's ability to better serve its customers and to generate customer loyalty and sustainable growth through its strategic pillars of Fresh, Our Brands, Data & Personalization, and Seamless; the successful integration of merged companies and new partnerships; Kroger's ability to maintain an investment grade credit rating; and the risks relating to or arising from its proposed nationwide opioid litigation settlement, including our ability to finalize and effectuate the settlement, the scope and coverage of the ultimate settlement and the expected financial or other impacts that could result from the settlement; -- Kroger's ability to achieve these goals may also be affected by its ability to manage the factors identified above. Kroger's ability to execute its financial strategy may be affected by its ability to generate cash flow; -- Kroger's effective tax rate may differ from the expected rate due to changes in tax laws or policies, the status of pending items with various taxing authorities, and the deductibility of certain expenses; and -- the outcome of the Exchange Offers and Consent Solicitations.

  • Nov 4, 2024

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    • 6:55PM ET on Monday Nov 04, 2024 by Dow Jones
      Companies Mentioned: KR, ACI
      By Sabela Ojea Kroger finalized a $1.37 billion settlement in connection with the grocery chain's role in the U.S. opioid crisis, Nevada Attorney General Aaron Ford said Monday. Kroger also agreed to injunctive relief that requires its pharmacies to monitor, report and share data about suspicious activity related to opioid prescriptions, according to the settlement. Nevada will receive up to $26.7 million as part of the settlement, with payments set to begin next year. "This is just the latest win in my office's continuing effort to hold accountable those who contributed to the opioid epidemic that devastated our country and our state," Ford said, alongside a bipartisan coalition of 30 state attorneys general. The settlement comes after Kroger posted a charge of $1.4 billion for the second quarter of 2023 related to the nationwide opioid settlement framework, which resulted in a loss per share for that quarter of $1.54. Under the agreement, which wasn't an admission of wrong doing or liability by Kroger, the company agreed to pay about $1.2 billion over 11 years and around $177 million over a six-year period, each in equal installments. Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix (END) Dow Jones Newswires November 04, 2024 18:55 ET (23:55 GMT)

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