Business

Kroger’s $24.6 billion purchase of Albertsons will create a grocery giant


Grocery giant

Kroger

indicates they are acquiring a competitor

Albertsons

with a tie-up of about $24.6 billion that will help drive profits. But the deal could face regulatory scrutiny amid soaring inflation.


Kroger

(code: KR) will buy back all outstanding shares of

Albertsons

(ACI) at $34.10 each, implying a 32.8% premium to Albertson’s closing price on October 12, before talks on a potential merger was reported by the press. Albertsons will pay a special cash dividend of up to $4 billion to its shareholders as part of the deal.

news7f

News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button