Albertsons Companies, Inc. (ACI)
After hours:
- Associated Press Finance
Kroger, Albertsons agree to temporarily halt merger plans while Colorado lawsuit proceeds
Supermarket chains Kroger and Albertsons on Thursday agreed to temporarily halt their proposed merger in Colorado until a judge has considered the state’s objections. Kroger and Albertsons announced their planned merger in October 2022.
- Reuters
Kroger, Albertsons $25 billion deal halted until Colorado trial in September
Colorado's lawsuit, filed at the beginning of February, was earlier set for a hearing on Aug. 12. Washington State's attorney general was the first to challenge Kroger's proposed buying of smaller rival Albertsons in January. U.S. District Judge Adrienne Nelson in March had set Aug. 26 as the start of a hearing on the FTC's bid for a preliminary injunction to challenge the deal.
- Zacks
Albertsons (ACI) Q1 Earnings in Line, Digital Sales Rise 23%
Albertsons' (ACI) fiscal Q1 results reflect double-digit growth in loyalty members and digital sales, along with significant growth in digital and pharmacy businesses despite economic challenges.
