Albertsons Companies Inc Stock Price, News & Analysis

Kroger (NYSE:KR) has extended the expiration date for its exchange offers and consent solicitations related to Albertsons Companies, Inc. (NYSE:ACI) notes. The new expiration date is October 16, 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 ACI Notes for new Kroger Notes and cash. The exchange offers and consent solicitations are conditioned upon the closing of the merger between Kroger and ACI, expected in the fourth quarter of 2024. Settlement is anticipated shortly after the expiration date and merger closing. The exchange offers allow for valid withdrawals until the expiration date, while the consent solicitations do not. Kroger Notes offered in the exchange have not been registered under the Securities Act of 1933 and may not be offered or sold in the U.S. without registration or an applicable exemption.

United Supermarkets, a division of Albertsons Companies (ACI), and Mrs Baird's have launched the 12th annual Teachers on the Rise program to recognize outstanding teachers in Texas. Each month, three teachers (one each from elementary, middle/junior high, and high school) will receive prizes including gift cards and gift baskets. Students who nominate winning teachers also receive gift cards.

The program, which runs throughout the school year, culminates in a banquet where teachers can win additional prizes, including a $1,000 grand prize. This initiative aims to acknowledge teachers' dedication and contributions to their communities. Nominations can be submitted at www.MrsBTeacher.com.

Albertsons Companies (ACI) has partnered with Johns Hopkins University to enhance food rescue efforts. The company's Manager for Food Donation and Food Waste Diversion, John Bernardo, shared insights about the groundbreaking study and Albertsons' Fresh Rescue Champions initiative. This collaboration aims to improve food rescue practices and make a significant impact in local communities.

The press release highlights the availability of the Fresh Rescue Champions Project Final Report and directs readers to Albertsons' LinkedIn post and website for more information about their Recipe for Change. This partnership demonstrates Albertsons' commitment to corporate social responsibility and sustainable practices in the retail grocery sector.

Kroger (NYSE:KR) has extended the expiration date for its exchange offers and consent solicitations related to Albertsons Companies, Inc. (NYSE:ACI) notes. The new deadline is 5:00 p.m. New York City time on October 9, 2024. This extension applies to the exchange of up to $7,441,608,000 aggregate principal amount of ACI Notes for new Kroger Notes and cash.

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 shortly after the expiration date and merger closing. Kroger may further extend the deadline if necessary.

The exchange offers remain subject to the terms outlined in the August 15, 2024 confidential offering memorandum. Eligible holders of ACI Notes can obtain documents by completing an eligibility certificate. The Kroger Notes offered have not been registered under the Securities Act of 1933 and may not be offered or sold in the US without registration or an applicable exemption.

Albertsons Companies celebrated Hispanic Heritage Month with community events including the 19th annual Festival Salvadoreñisimo in Gaithersburg, MD, and an in-store fiesta at Safeway in Dale City, VA. Guests enjoyed fresh samples, raffles, spin wheel prizes, exclusive savings, and coupons. The events featured lively salsa music, mariachi bands, DJs, and radio station visits, creating a festive atmosphere. These celebrations reflect Albertsons' commitment to fostering belonging and honoring Hispanic culture. Associates and community members came together to enjoy and celebrate.

Kroger (NYSE:KR) has extended the expiration date for its exchange offers and consent solicitations related to Albertsons Companies, Inc. (NYSE:ACI) notes. The new expiration date is October 3, 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 ACI Notes for new Kroger Notes and cash. The exchange offers and consent solicitations are conditioned upon the closing of the merger between Kroger and ACI, expected in the fourth quarter of 2024. Settlement is anticipated shortly after the expiration date and merger closing. The exchange offers allow for valid withdrawals until the expiration date, while the consent solicitations do not. Kroger notes offered in the exchange have not been registered under the Securities Act of 1933.

Albertsons Companies (ACI) is part of a new initiative called R-TRADE (Refrigeration Technician Recruitment, Advancement, Development, and Education), launched in September 2024. This nationwide workforce development program aims to address the critical shortage of refrigeration technicians. The program is funded by founding partners including Walmart, Amazon, Costco, Kroger, and Albertsons.

R-TRADE's goal is to recruit, advance, develop, and educate refrigeration technicians across the country. This initiative is part of Albertsons Companies' broader commitment to sustainability and workforce development, as outlined in their 'Recipe for Change' program.

Albertsons Companies (NYSE: ACI) has launched Bee Lightly, a new addition to its Own Brands wine portfolio. This innovative product features flat bottles made from 100% recycled PET, marking a first in the U.S. market. The wines, including a 2022 Chardonnay and 2023 Rosé, have received 91-point ratings from The Tasting Panel.

Bee Lightly wines are sourced from the Hérault and Limoux regions of France and are available at select Albertsons Cos. stores. The packaging, developed in partnership with Packamama, is 87% lighter than traditional glass bottles and allows for more efficient transportation, using 44% fewer pallets for shipping compared to standard glass bottles.

This launch demonstrates Albertsons' commitment to product quality, environmental stewardship, and affordable pricing in its private label offerings.

Kroger (NYSE:KR) has extended the expiration date for its exchange offers and consent solicitations related to Albertsons Companies, Inc. (NYSE:ACI) notes. The new expiration date is September 27, 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 ACI Notes for new Kroger Notes and cash.

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 shortly after the expiration date and merger closing. Kroger may further extend the expiration date if necessary.

The exchange offers remain subject to the terms outlined in the August 15, 2024 confidential offering memorandum. Eligible holders of ACI Notes can obtain documents by completing an eligibility certificate.