Albertsons Terminates Merger Agreement [Yahoo! Finance]
Albertsons Companies, Inc. Class A (ACI)
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Source: Yahoo! Finance
Drives Continued Acceleration of Customers for Life Strategy BOISE, Idaho, December 11, 2024 BUSINESS WIRE )--Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today announced it has exercised its right to terminate its merger agreement with Kroger after the U.S. District Court in Oregon and the King County Superior Court for the State of Washington issued injunctions with respect to the proposed merger on December 10, 2024. Vivek Sankaran, CEO, commented: "Given the recent federal and state court decisions to block our proposed merger with Kroger, we have made the difficult decision to terminate the merger agreement. We are deeply disappointed in the courts' decisions." Mr. Sankaran continued, "We start this next chapter in strong financial condition with a track record of positive business performance. Over the last two years, we have invested in our core business and in new sources of revenue, while enhancing our capabilities through the rollout of new technologies. All
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ACI
News
- Albertsons Companies Announces Third Quarter Fiscal 2024 Earnings Release and Conference Call DateBusiness Wire
- Albertsons Companies, Inc. (NYSE: ACI) had its price target lowered by analysts at UBS Group AG from $27.00 to $24.00. They now have a "neutral" rating on the stock.MarketBeat
- Albertsons Companies, Inc. (NYSE: ACI) had its price target raised by analysts at Royal Bank of Canada from $21.00 to $22.00. They now have an "outperform" rating on the stock.MarketBeat
- Albertsons Companies, Inc. (NYSE: ACI) was upgraded by analysts at Telsey Advisory Group from a "market perform" rating to an "outperform" rating. They now have a $26.00 price target on the stock, up previously from $21.00.MarketBeat
- Futures waver as yields rise ahead of Fed meet; retail sales on deck [Yahoo! Finance Canada]Yahoo! Finance Canada
ACI
Earnings
- 10/15/24 - Beat
ACI
Sec Filings
- 12/11/24 - Form 8-K
- 12/6/24 - Form 4
- 12/6/24 - Form 4
- ACI's page on the SEC website