Welcome to our dedicated page for Albertsons Companies news (Ticker: ACI), a resource for investors and traders seeking the latest updates and insights on Albertsons Companies stock.
Albertsons Companies, Inc. (NYSE: ACI) is one of the leading food and drug retailers in the United States. Established in 1939 by Joe Albertson in Boise, Idaho, the company has grown to operate over 2,300 stores across 34 states and the District of Columbia under various well-known banners, including Albertsons, Safeway, Vons, and Jewel-Osco, among others.
Albertsons Companies is dedicated to making a meaningful difference in the communities it serves. In 2023, the company, along with the Albertsons Companies Foundation, contributed more than $350 million in food and financial support. A significant portion of this goes to their Nourishing Neighbors Program, which helps ensure that those impacted by disasters have enough to eat.
Financially, Albertsons has shown steady growth. In fiscal 2023, the company reported net sales and other revenue of $79.2 billion, a 2.0% increase from the previous year. Notably, their digital sales grew by 22%, reflecting the company's successful omnichannel strategy. The company’s commitment to enhancing its digital and in-store customer experience, as well as its supply chain operations, is evident in its
Albertsons Companies has partnered with Uber Eats to accept SNAP EBT payments, becoming the first retailer to do so on the platform. The service will be available at Albertsons, Safeway, Jewel-Osco, and VONS stores. To promote the initiative, EBT cardholders will receive free delivery on their first three SNAP-eligible orders and a 3-month complimentary Uber One membership when linking their EBT card to the app.
Kroger has extended the expiration date of its exchange offers and consent solicitations for Albertsons Companies notes from November 14 to November 20, 2024. The exchange offers involve up to $7.44 billion in aggregate principal amount of new Kroger notes and cash. The settlement is expected to occur after the expiration date and the closing of the merger, anticipated in Q4 2024. As of August 29, the required consents were received for the Consented Series, with supplemental indentures executed. The exchange offers remain conditional upon the merger closing, which cannot be waived by Kroger.
Albertsons Companies' Southwest Division celebrated the opening of a new Safeway store in Peoria, Arizona. During the grand opening event, the Safeway Foundation distributed over $127,000 in grants to local schools and nonprofits to support education and youth outreach programs. The event was attended by Peoria Mayor Jason Beck, Safeway Store Director Michael Houston, and community members.
Kroger has extended the expiration date of its exchange offers and consent solicitations for Albertsons Companies notes from November 7 to November 14, 2024. The exchange offers cover up to $7.44 billion in aggregate principal amount of new Kroger notes and cash. The settlement is expected to occur after the expiration date and the closing of the merger, which is anticipated in Q4 2024. As of August 29, the required consents were received for the Consented Series, with supplemental indentures executed. The Proposed Amendments will become operative upon settlement of the Exchange Offers.
Kroger has extended the expiration date of its exchange offers and consent solicitations for Albertsons Companies notes from November 1, 2024, to November 7, 2024. The exchange offers involve up to $7.44 billion aggregate principal amount of new Kroger notes and cash in exchange for outstanding Albertsons notes. The settlement is expected to occur promptly after the expiration date and the closing of the merger, which is anticipated during the fourth quarter of 2024. The merger will result in Albertsons becoming a direct, wholly-owned subsidiary of Kroger.
Albertsons Companies has awarded a grant to Lincoln School in Garwood, NJ, for their exceptional participation in the Explore.Act.Tell. (E.A.T.) Program. The grant, funded through the Nourishing Neighbors program of Albertsons Companies Foundation, recognizes the school's project addressing hunger and food insecurity. Students conducted a food drive collecting canned fruits and vegetables and created 'seed' bags with seeds and pots to promote home gardening. The initiative showcases how students can positively impact their communities through project-based learning.
Albertsons Companies (NYSE: ACI) announced significant changes to its Board of Directors effective October 24, 2024. Jim Donald has been elected as the sole independent Chair of the Board, while Stephen Feinberg, Co-CEO of Cerberus Capital Management, joins as a new board member following Chan Galbato's departure. Cerberus, which has been invested in Albertsons since 2006, manages approximately $66 billion in assets and reaffirmed its support for the proposed Kroger merger. Feinberg emphasized Albertsons' growth achievements and expressed commitment to continuing innovation in the grocery industry.
Kroger has extended the expiration date of its exchange offers and consent solicitations for Albertsons Companies notes from October 28, 2024, to November 1, 2024. The exchange offers involve up to $7.44 billion in aggregate principal amount of new Kroger notes and cash. The settlement is expected to occur after the expiration date and coincide with the merger closing, anticipated in Q4 2024. As of August 29, 2024, the required consents were received for the Consented Series, with supplemental indentures executed. The exchange offers remain conditional upon the merger completion and other conditions that Kroger may waive.
Kroger (NYSE:KR) has extended the expiration date of its previously announced Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. (NYSE:ACI) Notes. The new expiration date is October 28, 2024, at 5:00 p.m. New York City time. This extension applies to the exchange of up to $7,441,608,000 aggregate principal amount of new Kroger Notes and cash for outstanding ACI Notes.
The Exchange Offers and Consent Solicitations are conditional upon the closing of the merger between Kroger and ACI, expected in the fourth quarter of 2024. Settlement is anticipated to occur promptly after the Expiration Date and the merger closing. Kroger may further extend the Expiration Date and plans to provide advance notice of any such extension.
The Exchange Offers remain subject to the terms and conditions outlined in the confidential offering memorandum dated August 15, 2024. Eligible holders of ACI Notes can obtain documents related to the Exchange Offers and Consent Solicitations by completing an eligibility certificate.
Albertsons Companies' Mid-Atlantic Division celebrated Hispanic Heritage Month with a vibrant presence at the Fiesta DC parade and festival. The event, which attracted over 14,000 attendees, showcased the rich diversity of Latino cultures from Central and South America.
The Safeway booth was a hub of activity, offering families the chance to win products from popular brands like Mission Tortillas, Siete Foods, Ortega, Belvita, Kleenex, Viva Paper Towels, and Suavitel. The festival featured live entertainment, authentic cuisine, and unique merchandise.
Albertsons Companies expressed pride in giving back to communities through meal solutions, savings, and quality products. The company encouraged readers to learn more about their Recipe for Change initiative on their website and view additional multimedia content on 3blmedia.com.
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