Earlier this month, Albertsons announced the launch of Sincerely Health, a digital wellness, health, and care platform. The company explained that the platform’s main goal is to improve the well-being...
Tag: albertsons
Albertsons to finally pay out special dividend, which has been delayed by courts
Shares of Albertsons Companies Inc. ACI, -0.24% jumped 2.0% in premarket trading Thursday, to buck the selloff in the broader market, after the grocery chain, which has agreed to be acquired by Kroger...
Kroger and Albertsons executives defend proposed merger at hearing
Albertsons and Kroger supermarkets Bridget Bennett | Bloomberg | Getty Images; Brandon Bell | Getty Images The battle over whether grocery giants Kroger and Albertsons should be allowed to combine is ...
Kroger-Albertsons Merger Spells Doom, Gloom And Boom
The merger of Kroger and Albertsons would put control of the grocery industry into the hands of … [+] three companies, which together would represent more than half of the sector by revenue. get...
Kroger, Albertsons And Food Deserts: Yes, We Should Worry
LOS ANGELES, CALIFORNIA – OCTOBER 14: The Albertsons logo is displayed in front of an Albertsons … [+] grocery store in Los Angeles, California. Top grocery retailer Kroger has agreed to a...
Judge Pauses Albertsons’ $4 Billion Special Dividend From Kroger Merger
A Washington judge has blocked Albertsons Cos. from paying out $4 billion in dividends while regulators review its proposed merger with Kroger. King County Superior Court Commissioner Henry Judson a...
State attorneys general sue to block Albertsons’ $4 billion dividend payout
The attorneys general of California, Illinois and the District of Columbia are suing Albertsons in an effort to stop the grocery chain from paying a nearly $4 billion dividend to its shareholders. The...
Ocado Group Shares Soar 33% As It Announces South Korea Tie-Up
Photo by Mike Kemp/In Pictures via Getty Images In Pictures via Getty Images Grocery and technology firm Ocado Group surged on Tuesday following news of a partnership with a major South Korean superma...
Albertsons Says It Planned $4 Billion Payout Before Kroger Deal
(Bloomberg) — Plans by Albertsons Cos. to pay $4 billion to shareholders as a special dividend were developed before the company started talking about a potential merger with Kroger Co., accordi...
California attorney general demands Albertsons delay $4-billion dividend ahead of possible Kroger merger
Kroger said Oct. 14 that it has agreed to acquire rival grocery store chain Albertsons in a $20-billion deal. (Ed Pevos / Associated Press) California Atty. Gen. Rob Bonta and his peers in several oth...
It’s Time To Talk Turkey, La Niña Is Coming Back, And How The Ukraine War Keeps Aggravating Global Food Shortages
I hate to rev up anxiety, but it’s time to start figuring out what you’re sourcing for Thanksgiving. These next few weeks are going to fly by. Given sky-high inflation, drought pushing up prices, and ...
Kroger-Albertsons Merger Would Create a Big Player in Retail Advertising
The proposed merger of Kroger Co. and Albertsons Cos. would reshape the U.S. supermarket industry by combining its two largest operators. It also would create a big player in so-called retail media, o...
Kroger’s Pursuit of Albertsons Hinged on Regulatory Strategy
(Bloomberg) — When Albertsons Cos. all but announced it was for sale in February, rival grocer Kroger Co. got to work. Most Read from Bloomberg Kroger had eyed Albertsons for a while. So it quic...
Here Are Two Lesser-Known Winners In The Kroger-Albertsons Merger
The Kroger-Albertsons link-up would yield some surprising winners. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images) AFP via Getty Images Kroger’s plan to buy ...
Kroger agrees to buy Albertsons for $24.6 billion
Rival grocers Kroger and Albertsons on Friday announced plans to team up. The companies said Kroger agreed to buy Albertsons for $34.10 a share in a deal valued at $24.6 billion. Albertsons shares had...
Why did Kroger buy Albertsons? My three takes
Grocery store giant The Kroger Co. (NYSE: KR) announced Friday a merger with rival Albertsons Companies Inc. (NYSE: ACI) as part of a $24.6 billion deal. Kroger, the second largest grocery store retai...
JPMorgan Chase, Albertsons, Tesla, Beyond Meat, Delta and more
Delta Airlines passenger jets are pictured outside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in New York, June 1, 2022. Mike Segar | Reuters...
Kroger’s $24.6 Billion Purchase of Albertsons to Create a Grocery Giant
Grocery giant Kroger said it was acquiring rival Albertsons in a roughly $24.6 billion tie-up that will help drive profitability and establish a larger footprint of nearly 5,000 stores. Kroger (ticker...
Kroger Wants to Merge With Albertsons to Create US Grocery Giant
(Bloomberg) — Kroger Co. is in talks about a tie-up with rival Albertsons Cos. in a deal that would create a US grocery giant, people familiar with the matter said. Most Read from Bloomberg An a...
Why It Makes Sense For Kroger And Albertson’s To Merge
Consumers will be shopping in aisles like this less and less as time goes on. getty Disclosure: I am an investor in Albertson’s. By noon today, Albertson’s stock was up over 10% on reports that it wil...
Albertsons merger with Kroger could be announced this week
Kroger could announce a deal to buy rival grocery company Albertsons this week, sources told CNBC’s David Faber. Shares of Albertsons jumped and were briefly halted on Thursday morning after new...
Digital World, Domino’s, Revlon, Albertsons and more
Revlon signage is seen on display in a Boots store in London, Britain, June 16, 2022. Hannah McKay | Reuters Check out the companies making headlines in midday trading. Digital World Acquisition — The...
Why Conagra Brands and Albertsons Could Be havens
Text size Albertsons Companies stock is down just 10% for the year and is about flat since May 20. Dreamstime The stock market has been a scary place this year, but grocery stocks may provide a haven...
Albertsons continues gaining market support. Best time to buy?
Albertsons Companies, Inc. (NYSE:ACI) is on a bullish trend that started three weeks ago. The stock, which is in the consumer staples sector, is among those expected to gain this week. The gains were ...
Biogen’s Alzheimer’s Drug Aduhelm Has Another Shot at Success
Illustration by Elias Stein Text size Biogen ’s Alzheimer’s disease therapy, Aduhelm, has been a disappointment for the company since its Food and Drug Administration approval last spring, with early ...
Kroger unveils $24.6 bln deal to buy smaller grocery chain Albertsons
Kroger has inked a deal with Albertsons to purchase the smaller grocery retailer for $24.6 billion. The acquisition will establish a national footprint “to serve America with fresh, affordable food,” ...