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Albertsons Companies Newsroom
Albertson's Shares Are Trading Higher. The Stock Has Been Volatile After the Company's Merger With Kroger Was Recently Blocked.
These Analysts Boost Their Forecasts On Kroger
U.S. stock market morning | The three major indexes weakened slightly, Adobe fell over 12% after earnings; popular China Concept Stocks rose against the trend, with MINISO up more than 5%.
On the evening of December 12, Peking time, US stocks opened mixed on Thursday. Adobe's Earnings Reports were disappointing, leading to a sharp decline in stock price. The number of people applying for unemployment benefits in the USA unexpectedly increased last week, and the PPI for November rose more than expected. The European Central Bank cut interest rates for the fourth time this year.
Telsey Advisory Maintains Albertsons Companies(ACI.US) With Hold Rating, Cuts Target Price to $21
Albertsons Companies (ACI) Gets a Hold From Telsey Advisory
US stock market outlook | The three major futures indices show slight weakness, with both PPI and initial jobless claims data exceeding expectations; poor earnings guidance leads to Adobe dropping over 10% in pre-market trading.
Central Economic Work Conference: Implement more proactive and effective macro policies to expand domestic demand; not swayed by CPI, the U.S. bond market is more concerned with employment data; The Kroger rose more than 2.4% in pre-market trading and announced it would repurchase 7.5 billion dollars in stocks after the merger deal with Albertsons Companies fell through.
Albertsons Is Maintained at Market Perform by Telsey Advisory Group
Failure of Kroger-Albertsons Merger May Curb Grocers' Advertising Ambitions -- WSJ
Express News | Albertsons Companies Inc : Telsey Advisory Group Cuts Target Price to $21 From $27.25
U.S. stocks movement | The Kroger rose over 2.4% in pre-market trading and announced it would buy back $7.5 billion in Stocks after the merger deal with Albertsons Companies fell through.
Gelonghui December 12 | The Kroger (KR.US) pre-market rose over 2.4%, reaching $62.84. In terms of news, The Kroger announced on Wednesday that after terminating the merger with Albertsons Companies, it will repurchase $7.5 billion in shares. 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." (Gelonghui)
After the merger was blocked, Albertsons Companies (ACI.US) sued The Kroger (KR.US), accusing it of breaching the contract which led to the failure of the Trade.
Albertsons Companies and The Kroger terminated their $25 billion merger plan on Wednesday after a court blocked the Trade, with the former suing its rival, accusing the latter of breaching the contract, leading to the failure of the Trade.
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.
The Kroger-Albertsons Merger Is Off. Where the Stocks Might Go From Here. -- Barrons.com
Kroger Plans $7.5 Billion Stock Buyback, Will Redeem Debt Designated for Failed Albertson's Buyout
Evercore Maintains Albertsons Companies(ACI.US) With Hold Rating, Cuts Target Price to $19
Express News | Kroger Shares up 1.7% After the Bell; Reiterates Its Commitment to Lower Prices and Initiates New $7.5B Share Buyback Program
Kroger Terminates Its Merger Agreement With Albertsons; Board Authorizes $7.5B Share Repurchase Program Including $5B Accelerated Share Repurchase
Equities Rise Intraday After CPI Report
Sector Update: Consumer Stocks Mixed Wednesday Afternoon
Sector Update: Consumer