Albertsons Details Cost-Cutting Plans After Failed Kroger Deal
3 days ago · Albertsons executives laid out plans to cut about $1.5 billion in costs over the next three years, speaking on the grocery store operator's first earnings call in more than two years. Last month a ...
Albertsons raises profit forecast as it moves on from Kroger
2 days ago · Albertsons now sees annual adjusted profit of $2.25 to $2.31 per share, compared to the previously forecast $2.20 to $2.30. Shares of the grocer rose 1.2% in early trading.
Albertsons leans on technology and cost cuts to go it alone ...
2 days ago · With no Kroger Co. merger to rely on, grocery chain Albertsons Cos. Inc. on Wednesday said it would lean into an array of initiatives — e-commerce, wellness, automation and its loyalty program ...
Albertsons abandons $25 billion merger with Kroger ... - CBS News
Dec 11, 2024 · Albertsons on Wednesday called off its $24.6 billion merger with Kroger, a day after a judge temporarily blocked the union, and sued the rival grocery chain for breach of contract.
Albertsons calls off merger and sues Kroger
Dec 11, 2024 · Albertsons said that Kroger failed to exercise its “best efforts” and to take “any and all actions” to secure regulatory approval of the merger. The Container Store appears to be hurtling ...
Albertsons demands billions from rival Kroger after ...
Dec 11, 2024 · 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...
Kroger and Albertsons grocery megamerger blocked by courts
Dec 10, 2024 · Kroger and Albertsons saw their $24.6 billion merger blocked on Tuesday by judges in two separate cases, one brought by federal regulators and the other by the Washington state attorney general.
Albertsons sues Kroger after judge rules against grocery merger
Dec 11, 2024 · Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger and filed a lawsuit against its supermarket competitor, saying Kroger violated its contract and didn’t...
Kroger's $24.6 billion purchase of Albertsons ... - CBS News
Dec 11, 2024 · A federal judge on Tuesday temporarily blocked Kroger $24.6 billion acquisition of Albertsons, ruling that the proposed union would lessen competition for grocery shoppers.
Kroger and Albertsons are spending billions on ... - NBC News
Dec 12, 2024 · Within a day of their $25 billion merger’s falling apart in court, Kroger and Albertsons were each planning to move forward with share repurchases to boost their stock prices and reward investors.