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.
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The Kroger (KR.US) acquisition of Albertsons Companies (ACI.US) was rejected by a judge, potentially derailing the largest supermarket merger in the USA.
A US federal judge has blocked The Kroger (KR.US) from acquiring Albertsons Companies (ACI.US) for $24.6 billion.
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