Albertsons Companies Inc Stock News

BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. will release financial results for the third quarter of fiscal 2024 before the market opens on Wednesday, Jan. 8, 2025.

Albertsons faces daunting challenges as a stand-alone company.

Albertsons is poised to sue for their deal termination fee which, if obtained, would most likely kill any chance for a future deal. ACI was priced on the merger closing and now remains very undervalued. Kroger has its merits as well, and is also undervalued and in a much better financial position on the balance sheet than Albertsons.

Free from the financial burdens of trying to buy rival Albertsons, shares of supermarket giant Kroger were sitting at new highs on Thursday.

Grocery-store giant Albertsons Cos. said Wednesday that it is walking away from its merger with rival Kroger Co., a day after two judges blocked it.

Albertsons terminated the merger and blamed Kroger for breaching the terms of its agreement.

Albertsons has sued fellow grocery giant Kroger over the failure of their $24.6 billion merger. The company said Wednesday (Dec. 11) that it has filed a lawsuit in the Delaware Court of Chancery, accusing Kroger of breach of contract.

The deal is over. The story isn't.