Express News | Kroger Terminates Its Merger Agreement With Albertsons; Board Authorizes $7.5B Share Repurchase Program Including $5B Accelerated Share Repurchase

Benzinga16:20 ET

After the merger case of Albertsons Companies (ACI.US) fell through, The Kroger (KR.US) plans to buy back 7.5 billion dollars in stocks.

The Kroger (KR.US) announced on Wednesday that after terminating the merger with Albertsons Companies (ACI.US), it will repurchase $7.5 billion in Stocks.

Zhitong Finance21:28 ET

The Kroger-Albertsons Merger Is Off. Where the Stocks Might Go From Here. -- Barrons.com

Barron's21:04 ET

Express News | Kroger Co - Claims Albertsons Failed to Comply in All Material Respects With Covenants Under Merger Agreement

Reuters17:20 ET

Express News | Kroger Co - Notified Albertsons That Kroger Has No Obligation to Pay Termination Fee

Reuters17:19 ET

Kroger Plans $7.5 Billion Stock Buyback, Will Redeem Debt Designated for Failed Albertson's Buyout

MT Newswires17:18 ET