克罗格在声明中表示：“现在克罗格已经终止了合并协议，公司已经准备好部署其产能。随着资产负债表的加强，克罗格将在暂停两年多后恢复股票回购。”The Kroger (KR.US) announced on Wednesday that it will buy back $7.5 billion in Stocks after terminating the merger with Albertsons Companies (ACI.US).
According to Zhitong Finance APP, The Kroger (KR.US) announced on Wednesday that it will buy back $7.5 billion in Stocks after terminating the merger with Albertsons Companies (ACI.US).
The new buyback plan replaces the company's existing $1 billion authorization, which was approved in September 2022 and included an "accelerated share buyback" agreement to repurchase about $5 billion in Stocks.
The Kroger stated in a press release: "Now that The Kroger has terminated the merger agreement, the company is ready to deploy its capacity. With a strengthened balance sheet, The Kroger will resume share buyback after a suspension of more than two years."
The Kroger announced that it will begin redeeming $4.7 billion of priority notes issued on August 27, 2024, which includes special mandatory redemption provisions related to the termination of the merger agreement.
The company also terminated the previously announced offer to exchange all outstanding notes from Albertsons Companies, amounting to up to $7.4 billion.
It was reported that a federal judge in Oregon, USA, Adrienne Nelson, blocked The Kroger's $24.6 billion acquisition of Albertsons, ruling that the acquisition would reduce competition in the USA grocery Industry. The Kroger and Albertsons agreed to merge in October 2022, which was expected to become the largest supermarket acquisition in USA history.
After the Post-Market Trading in the USA on Wednesday, The Kroger's stock price rose by 2.89%, closing at $63.10.
