Kroger (KR) “announced that it entered into Accelerated Share Repurchase agreements with each of Wells Fargo Bank, National Association and Citibank, N.A. to repurchase, in aggregate, $5.0 billion in shares of Kroger common stock. The ASR agreements will be completed under Kroger’s recently announced $7.5 billion share repurchase authorization. Kroger is funding the share repurchases under the ASR agreements with existing cash on hand.”
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Read More on KR:
- Albertsons price target raised to $26 from $21 at Telsey Advisory
- Albertsons price target lowered to $24 from $27 at UBS
- Walmart outlook improved by Kroger-Albertsons deal break, says BofA
- Albertsons reinstated with a Neutral at BofA
- Albertsons price target lowered to $21 from $27.25 at Telsey Advisory
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
