Kroger Stock Rises on Resumed Buybacks After Collapse of Albertsons Merger
Kroger(KR) Investopedia·2024-12-12 15:06Key TakeawaysKroger shares rose Thursday morning after the retailer said it is abandoning the Albertsons merger and restarting stock buybacks.The grocery chain said after the bell Wednesday that it will begin a new $7.5 billion buyback plan after pausing buybacks since announcing the merger in October 2022.Albertsons said Wednesday that it was ending the merger agreement and suing Kroger, accusing the chain of not doing enough to win approval for the deal. Kroger (KR) shares rose Thursday morning after the ...