Albertsons (ACI) Stock Rises as Merger with Kroger Terminated

Dec 11, 2024

Albertsons (ACI, Financial) shares rose by approximately 4%, reaching a high of $19.25. The increase followed the company's announcement to terminate its merger agreement with Kroger after U.S. District Courts in Oregon and Washington issued injunctions against the proposed merger. Additionally, Albertsons' board plans to raise the quarterly cash dividend from $0.12 to $0.15 per share and has approved a stock buyback program of up to $2 billion.

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