Local unions group seeks ouster of Kroger CEO after $7.5 billion buyback plan
Some United Food and Commercial Workers (UFCW) local unions on Friday urged Kroger's board to replace CEO Rodney McMullen following the company's announcement of a $7.5 billion stock buyback plan after terminating a deal to buy Albertsons.
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.
Kroger and Albertsons look ahead after merger deal collapses
The grocers both signaled that they are in strong financial shape and said they would devote billions of dollars to repurchase shares from investors.
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.
Kroger CEO responds to Albertsons merger with $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 to buy Albertsons. What effect might this have on California?
Kroger nixes deal to merge with Albertsons
CINCINNATI — The Kroger Co. has terminated its $24.6 billion agreement to acquire Albertsons Cos., announcing the move hours after its merger partner said it exited the deal.
Kroger-Albertsons merger is off. What's that mean for Arizona shoppers?
Two federal court rulings blocked the $25 billion merger of the supermarket giants and Albertsons sued Kroger for its handling of the deal. What now?
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.
Local unions call on Kroger's board to replace CEO after $7.5 billion buyback plan
United Food and Commercial Workers local unions on Friday urged Kroger's board to replace CEO Rodney McMullen following the company's announcement of a $7.5 billion stock buyback plan after terminating a deal to buy Albertsons.
Walmart outlook improved by Kroger-Albertsons deal break, says BofA
Following the termination of the planned merger of Kroger (KR) with Albertsons (ACI), BofA believes the federal/state court decisions against
Fresh Take: Albertsons Sues Kroger As Merger Falls Apart, And UFCW Calls For Kroger CEO To Resign
Forbes' latest edition of its Fresh Take newsletter features the details of how a deal between Kroger and Albertsons fizzled, ...
"Willful breach": Albertsons hits Kroger with massive lawsuit as merger sours
Kroger, meanwhile, dismissed the claims as “baseless and without merit,” saying the company went to “extraordinary lengths” ...
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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 reiterates commitment to lower prices, raise wages after Albertsons calls off merger
Following on the heels of Albertsons terminating its merger agreement with Kroger, Kroger shared that it is reiterating its ...
What the latest legal drama between Kroger and Albertsons means for Whatcom County stores
After failed merger, Albertsons sues its former prospective partner, and workers’ unions call for a reinvestment into stores.
Will the failed Kroger-Albertsons merger keep a lid on grocery prices in D-FW?
While there’s a lot of moving parts in the D-FW market, the collapse of the closely watched tie-up between Kroger and ...
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'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.