Kroger buys Albertsons for $24.6 billion
Kroger buys Albertsons for $24.6 billion
Kroger and Albertsons Cos. Inc. have entered into a definitive agreement under which Kroger will acquire all of the outstanding shares of Albertsons common and preferred stock for approximately $24.6 billion, including the assumption of approximately $4.7 billion of Albertsons Cos. net debt.
The transaction is expected to close in early 2024, subject to the receipt of required regulatory clearance and other customary closing conditions, including receipt of clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
