The Latest Breaking News from Albertsons

The Federal Trade Commission's antitrust action does not benefit grocery shoppers.

Albertsons announced on Dec. 11, 2024, that it had called off an attempted merger with Kroger and would sue Kroger for breach of contract. The US$25 billion deal, first announced in 2022, would have combined Cincinnati-based Kroger, already the largest traditional U.S. supermarket chain, with Boise, Idaho-based Albertsons, which is…

Two US courts ruled against supermarket giant Kroger's planned $24.6 billion acquisition of rival chain Albertsons on Tuesday, dealing an existential threat to the merger in a win for the Federal Trade Commission, which had argued the deal would harm consumers.

The grocery giant announced new share purchases a day after judged blocked $24.6 billion acquisition. Kroger stock hit a high.

A federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could scuttle the deal

Kroger pauses share buybacks for the Albertsons merger, misses Q3 sales estimates, and narrows its FY24 EPS guidance.

Albertsons Companies (NYSE:ACI) has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.

“These companies rigged the system against us, undermining our right to fight for better pay and fair treatment"

Food store employees grapple with fewer hours and inflation – and sound alarm at merger of two largest chains