CINCINNATI, Aug. 20, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) ("Kroger" or the "Company") announced today that it has priced a public offering in an aggregate principal amount of $1.0 billion of its 4.700% Senior Notes due 2026 at a price of 99.996 percent of par (the "2026 notes"); $1.0 billion of its 4.600% Senior Notes due 2027 at a price of 99.980 percent of par (the "2027 notes"); $1.4 billion of its 4.650% Senior Notes due 2029 at a price of 99.895 percent of par (the "2029 notes"); $1.3 billion ...

Key TakeawaysKroger asked a federal court for an injunction to stop a Federal Trade Commission (FTC) proceeding to block the grocery chain's $24.6 billion acquisition of Albertsons.The FTC moved this year to prevent the sale, arguing it would limit competition and raise food prices.Kroger also announced it would offer bonds to pay for part of the cash considerations in the deal. Kroger (KR) shares declined in intraday trading Tuesday as the biggest U.S. supermarket chain launched a two-part effort to finall ...

Kroger sued the Federal Trade Commission on Monday, seeking to block the regulator from reviewing the grocery chain’s proposed $25 billion merger with smaller rival Albertsons in its in-house tribunal.Kroger called the tribunal unconstitutional, saying the matter should be resolved in a federal court.The lawsuit filed in Cincinnati comes a week before the company is scheduled to face a trial where the FTC has asked a federal judge in Portland, Ore., to temporarily block the merger while its in-house judges ...

FTC's in-house tribunal violates Constitutional protections against federal government overreachCompany remains prepared to defend merger with Albertsons in upcoming federal court trial CINCINNATI, Aug. 19, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today filed a motion for preliminary injunction in the U.S. District Court, Southern District of Ohio, against the Federal Trade Commission's (FTC) administrative proceeding challenging the company's merger with Albertson's Companies, Inc. The company argues ...

Grocery giant Kroger pledged to slash prices at Albertsons stores by $1 billion following its proposed acquisition of the rival chain — but Wall Street is increasingly skeptical the deal will win government approval as food inflation continues to roil US politics.Kroger is raising the stakes of the $25 billion mega-deal since previously promising to lower prices by $500 million across Albertsons stores — a concession meant to soothe antitrust concerns that the tie-up will create a monopoly that can hike pri ...

Kroger has reportedly doubled the value of price cuts it has committed to making if its merger with Albertsons goes through.The grocery store operator plans to lower prices by $1 billion, a figure that’s up from the $500 million in cuts it previously committed to make, Bloomberg reported Thursday (Aug. 15), citing a Kroger spokeswoman.Kroger made the commitment to appease regulators at a time when the merger is facing a federal court challenge, two state lawsuits and a Federal Trade Commission (FTC) adminis ...

CINCINNATI, Aug. 15, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) ("Kroger" or the "Company") announced today that it has commenced private exchange offers to certain eligible holders ("Eligible Holders") (each an "Exchange Offer" and, collectively, the "Exchange Offers") for any and all outstanding notes (the "ACI Notes") issued by Albertsons Companies, Inc. (NYSE:ACI) ("ACI"), New Albertsons, L.P. ("NALP"), Safeway Inc. ("Safeway"), Albertson's LLC ("Albertsons"), Albertsons Safeway LLC ("ASL") and Ameri ...

Third Eye Blind and Jason Derulo to perform free concerts at the festival  CINCINNATI, Aug. 14, 2024 /PRNewswire/ -- The Kroger (NYSE: KR) Wellness Festival presented by PepsiCo and P&G returns September 27 and 28, 11 a.m. to 7 p.m., to a new location on Fifth Street, in Downtown Cincinnati.The free health and wellness festival celebrates physical, mental and emotional health for the whole family. The festival will showcase more than 200 experiences and food offerings focused on six core pillars of transfor ...

Get your kitchen back-to-school ready CINCINNATI, Aug. 12, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today shared how customers can stock their fall pantries for less featuring Smart Way™ favorites under $3 from the retailer's Our Brands opening price point product line."Customers love Smart Way™ because of the exceptional value, reliable quality and growing assortment of staple products it provides," said Juan De Paoli, Vice President, Our Brands for Kroger. "With Smart Way™, you can trust that stocki ...

www.vitacost.com is a major U.S. online retailer of health and wellness products and award-winning content to help customers achieve health and fitness goalsVitacost highlights NSF- Certified for Sport® products like Promino™ as the exclusive certification guarantees Promino™ is banned-substance free and safe for use by collegiate and professional athletesBURLINGTON, ON, Aug. 12, 2024 /PRNewswire/ - Promino Nutritional Sciences Inc. (CSE: MUSL) (OTC: MUSLF) (FRANKFURT: 93X)( the "Company" or "Promino")(www. ...