Kroger’s Merger With Albertsons Could Help Its Stock in a Tough Time for Grocers. Here’s How.

By Sabrina Escobar Source: MarketWatch Kroger's intended merger with rival Albertsons could limit declines in its stock, even as macroeconomic conditions get tougher for the grocery segment, Morgan Stanley says. Analyst Simeon Gutman raised his rating for Kroger stock to Equal-Weight from Underweight on Tuesday and changed his price target [...]

2023-01-18T22:24:51+00:00January 18th, 2023|Tags: , , |

Albertsons, Kroger CEOs Defend $25 Billion Merger to Senate Committee

By Elizabeth Ireland Source: Times of San Diego Skeptical lawmakers from across the political spectrum questioned executives at grocers Kroger — parent company of Ralphs — and Albertsons, parent of Vons, on Tuesday about their planned $25 billion merger amid concerns the tie-up could boost already-high food prices. Senator Amy Klobuchar, a Democrat and chair of the [...]

2022-12-02T16:53:10+00:00December 2nd, 2022|Tags: , , , |

Kroger officially enters 36th state with Ocado spoke launches

By Russell Redman Source: Supermarket News The formal opening of an Ocado-automated “spoke” facility in Oklahoma City has extended The Kroger Co.’s reach to 36 states, now including Oklahoma. Cincinnati-based Kroger said Monday that the 50,000-square-foot spoke site, at 8801 North I-35 Service Rd. in Oklahoma City, recently hosted an [...]

2022-11-08T00:36:19+00:00November 8th, 2022|Tags: |

Court halts Albertsons’ $4B dividend payment under Kroger merger deal

By Russell Redman Source: Supermarket News After lawsuits filed by three state and the District of Columbia attorneys general, a county court in Washington state has paused Albertsons Cos.’ planned $4 billion dividend payment in connection with its proposed acquisition by The Kroger Co. A King County Superior Court commissioner [...]

2022-11-07T16:02:07+00:00November 7th, 2022|Tags: , , , |
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