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home / articles / KR - Kroger-Albertsons $25B Merger Plan Hits A Snag Anticipates Completion In First Half Of 2024 | Benzinga

KR - Kroger-Albertsons $25B Merger Plan Hits A Snag Anticipates Completion In First Half Of 2024 | Benzinga

Kroger Company

Kroger (NYSE:KR) and Albertsons Companies (NYSE:ACI) said their proposed merger will be completed in the first half of Kroger’s fiscal 2024.

The transaction, first announced in October 2022, was earlier expected to close in early 2024. 

Per the deal, Kroger will acquire Albertsons for $34.10 per share, implying a total enterprise value of approximately $24.6 billion. Kroger’s fiscal second quarter ends on August 17, 2024.

Kroger’s acquisition of Albertsons has ...

Full story available on Benzinga.com
Stock Information
Company Name: Kroger Company
Stock Symbol: KR
Market: NYSE
Website: thekrogerco.com
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