Kroger and albertsons companies announce definitive merger agreement

Establishes national footprint to serve america with fresh, affordable food for everyone combines two companies with shared values to unite around kroger's purpose to feed the human spirit accelerates kroger's go-to-market strategy and positions combined company as a premier omnichannel food retailer, delivering quality, value, convenience and choice for customers continuing track record of investments across lowering prices, enhancing the customer experience, and increasing associate wages and benefits strengthens kroger's value creation model to drive profitability and enhance shareholder returns albertsons companies shareholders expected to receive total consideration valued at $34.10 per share kroger to host conference call at 8:30 a.m. et today, october 14, 2022 cincinnati and boise, idaho, oct. 14, 2022 /prnewswire/ -- kroger (nyse: kr) and albertsons companies, inc. (nyse: aci) today announced that they have entered into a definitive agreement under which the companies will merge two complementary organizations with iconic brands and deep roots in their local communities to establish a national footprint and unite around kroger's purpose to feed the human spirit.
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