Kroger’s $7.5 Billion Buyback Blitz: Eyes Lower Grocery Prices And Big Returns After Albertsons Pivot

Kroger Company (NYSE:KR) shares are trading higher premarket on Thursday. The company disclosed the termination of its merger agreement with Albertsons Companies, Inc. (NYSE:ACI) following a preliminary injunction by the U.S. District Court in Oregon. U.S. District Judge Adrienne Nelson ruled in favor of the U.S. Federal Trade Commission (FTC) in a decision filed in Oregon federal court on Tuesday. The FTC had argued that the proposed deal violated antitrust laws. The companies submitted a plan

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