Kroger terminates Albertsons merger after court injunction; launches $7.5B buyback

KROGER CO

Merger terminated after U.S. District Court granted FTC's preliminary injunction on Dec. 10, 2024.
Board authorized $7.5B share repurchase program, including ~$5B accelerated share repurchase (ASR).
Kroger to redeem $4.7B senior notes issued for merger at 101% of principal plus accrued interest.
Exchange offers for Albertsons notes terminated; tendered notes returned, no fees payable.
Plans Investor Day in late spring 2025 to update strategic priorities and financial outlook.

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