Albertsons Companies Inc Stock Price, News & Analysis

Albertsons Companies' Shaw's Division organized a Hackathon aimed at developing solutions for local nonprofits facing funding and capacity challenges. The event brought together Shaw's Division members with several nonprofit organizations including End Hunger New England, Jeremiah's Inn, Boys & Girls Club of Metro South, Mansfield MA Food Pantry, and The YMCA of Cape Cod. The initiative demonstrates the company's dedication to ensuring community access to nutritious food.

Albertsons Companies (ACI) celebrated significant achievements at Progressive Grocer's Grocery Impact 2024 event, with 102 associates receiving Top Women in Grocery (TWIG) Awards and four associates winning GenNext Awards. The TWIG Awards recognize women showing exceptional dedication to improving the grocery industry, while GenNext Awards honor impactful professionals under 40. This year marked a record number of honorees from Albertsons, highlighting the company's strong commitment to recognizing excellence among its workforce who demonstrate leadership in their roles and community service.

Albertsons Companies Director of Finance Brenda Valley has been awarded NextUp's 2024 Bobbie O'Hare Impact Award for her exceptional leadership and commitment to developing an inclusive community. With over a decade of service at Albertsons, Valley has supported various departments including eCommerce, Digital Shopper Experience, Data Science, and Business Intelligence.

As an officer on the board for NextUp Northern California, Valley focuses on advancing women's leadership skills and career development. Her recognition was highlighted by a personal congratulatory call from Bobbie O'Hare, Board of Directors Member Emeritus and founder of NextUp regions.

Kroger has extended the expiration date of its exchange offers and consent solicitations for Albertsons Companies notes from November 20, 2024, to November 26, 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 between Kroger and Albertsons, which is anticipated during the fourth quarter of 2024. The required consents for certain series were received on August 29, 2024, with amendments to become operative upon settlement.

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.