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Kroger Launches $5 Billion Accelerated Share Repurchase: Details

Kroger Launches $5 Billion Accelerated Share Repurchase: Details

克罗格推出50亿美元的加速股票回购:详情
Benzinga ·  12/20 06:55

Kroger Company (NYSE:KR) shares are relatively unchanged in the premarket session on Friday.

克罗格公司(纽交所:KR)股票在周五的盘前交易中基本保持不变。

The grocery giant has entered into Accelerated Share Repurchase agreements with Wells Fargo Bank and Citibank to repurchase a total of $5.0 billion in shares of its common stock.

这家大型超市与富国银行和花旗银行签署了加速回购协议,计划回购总值50亿的普通股。

This buyback is part of Kroger's broader $7.5 billion share repurchase authorization.

此次回购是克罗格更广泛的75亿回购授权的一部分。

Related: Kroger's $7.5 Billion Buyback Blitz: Eyes Lower Grocery Prices And Big Returns After Albertsons Pivot

相关:克罗格75亿回购潮:预计在阿尔伯森斯转向后降低食品价格并获得丰厚回报。

Under the terms of the ASR agreements, Kroger will pay $5.0 billion to the dealers and expects to receive an initial delivery of approximately 65.6 million shares on December 20, 2024. This represents about 80% of the total shares that could be purchased with the $5.0 billion, based on the closing price of Kroger shares on December 19, 2024.

根据ASR协议的条款,克罗格将向经销商支付50亿,并预计在2024年12月20日收到大约6560万股的初步交付。这大约代表了以2024年12月19日克罗格股价收盘价计算的50亿可以购买的全部股份的80%。

Also Read: US Stocks To Open Lower As Traders Brace For 'Triple Witching' Hour: Analyst Says End Of The Year Recovery 'Would Not Surprise Anyone'

另请阅读:美国股票开盘将下跌,因为交易员们为'Triple Witching'时刻做好准备:分析师称年末复苏'不会让任何人感到惊讶'。

The final number of shares repurchased will depend on the volume-weighted average prices of Kroger's stock during the repurchase period, with adjustments as per the ASR agreements.

最终回购的股票数量将取决于克罗格在回购期间的成交量加权平均价格,并根据ASR协议进行调整。

Kroger has also noted that, in addition to the share repurchase program, it has $2.5 billion in capacity remaining under its share repurchase authorization, giving the company flexibility for future repurchases.

克罗格还指出,除了股票回购计划外,它在股票回购授权下还有25亿的剩余回购能力,为公司的未来回购提供了灵活性。

The final settlement for the agreements is expected by the third fiscal quarter of Kroger's fiscal 2025.

克罗格2025财年的第三财季预计将完成协议的最终结算。

According to Benzinga Pro, KR stock has gained over 35% in the past year. Investors can gain exposure to the stock via Invesco Food & Beverage ETF (NYSE:PBJ).

根据Benzinga Pro的数据,KR股票在过去一年中上涨了超过35%。投资者可以通过Invesco Food & Beverage ETF(纽交所:PBJ)来获取该股票的敞口。

Price Action: KR shares are trading higher by 0.07% to $61.00 premarket at last check Friday.

价格动态:截至上周五最后一次检查,KR股票在盘前交易中上涨了0.07%,至61.00美元。

Photo by Kevin Chen Images via Shutterstock.

图片来源:Kevin Chen Images via Shutterstock。

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