The Kroger Co. announced on October 15, 2024, an extension of the expiration date for its offers to exchange outstanding notes of Albertsons Companies, Inc. for new Kroger notes and cash. This extension moved the deadline from October 16, 2024, to October 22, 2024.
The exchange offers involve up to $7,441,608,000 aggregate principal amount of Albertsons notes. These offers are conditioned upon the closing of the merger between Kroger and Albertsons, which was expected to occur during the fourth quarter of calendar year 2024.
The repeated extensions of these exchange offers highlight the ongoing efforts by Kroger to manage the financial aspects of the proposed Albertsons merger. It also signals the complex regulatory environment and potential delays in finalizing the acquisition.
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