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.
Failure of Kroger-Albertsons Merger May Curb Grocers’ Advertising Ambitions
Kroger’s proposed merger with fellow grocery chain Albertsons ended in acrimony this week as a judge granted the Federal Trade Commissions’s request to block the deal on antitrust grounds. Albertsons then sued Kroger for allegedly not fulfilling its contractual obligations.
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?”
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 billion acquisition of rival Albertsons Cos. Inc. that’s being challenged by regulators and what would be next if the deal doesn’t go through.
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.
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"
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 stalled by dual court losses
The two supermarket chains can't go forward with the planned merger until the Federal Trade Commission completes an internal antitrust investigation.
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.
Albertsons demands billions from rival Kroger after terminating merger bid
Albertsons and Kroger terminated their $25 billion merger plan on Wednesday after courts blocked the deal, with the former suing its rival and alleging a breach of contract that led to the deal's demise.
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 ...
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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 ...
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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.
Kroger’s sales growth dinged by lower fuel prices and more — but it says many shoppers ‘feel better’
Supermarket giant Kroger said lower fuel prices and the sale of its specialty-pharmacy business weighed on third-quarter sales, and that it expects fourth-quarter same-store sales to be lower than ...