M&A
confidence high
sentiment neutral
materiality 0.50
Kroger extends exchange offer deadline for Albertsons notes to Nov 14
KROGER CO
- Expiration date moved from 5:00 p.m. Nov 7 to 5:00 p.m. Nov 14, 2024.
- Exchange offers cover up to $7.44B aggregate principal of ACI notes for Kroger notes and cash.
- Settlement expected promptly after expiration and on or after the merger closing date.
- Merger with Albertsons is expected to close in Q4 2024; further extensions possible.
- Consents for Consented Series already received; amendments become operative upon settlement.