The Kroger Co. announced on November 25, 2024, another extension of the expiration date for its offers to exchange outstanding notes of Albertsons Companies, Inc. for new Kroger notes and cash. The new deadline was set for December 3, 2024.
These exchange offers cover up to $7,441,608,000 aggregate principal amount of Albertsons notes and are contingent upon the closing of the merger between Kroger and Albertsons. The merger was still expected to close during the fourth quarter of calendar year 2024.
The repeated extensions of these offers underscore the ongoing challenges and uncertainties surrounding the regulatory approval and financing of the proposed $25 billion merger. Kroger continues to anticipate providing notice of any further extensions in advance of the expiration date.
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