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Antitrust Regulator Files Lawsuit To Block Kroger's $25B Bid For Albertsons
Monday, February 26, 2024 - 4:16pm | 631Kroger Company‘s (NYSE:KR) $25 billion bid to take over rival supermarket Albertsons Companies (NYSE:ACI) was hanging in the balance on Monday after the Federal Trade Commission (FTC) filed a lawsuit to block the merger. Shares in Kroger fell 1.7% while Albertsons gained 0.6% after the FTC...
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McDonald's Executive And Others Slam Elon Musk In Eye-Opening Email, Say Billionaire's Tweets Are 'Perpetuating Racism'
Saturday, April 8, 2023 - 1:15pm | 631A top executive at McDonald's (NYSE: MCD) reportedly asserted that Twitter CEO Elon Musk's "free speech" agenda at Twitter has been "perpetuating racism." According to a leaked email chain obtained by Semafor, executives from McDonald's...
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Barron's Picks And Pans: Ackman Picks, Albertsons, Nvidia And More
Sunday, September 20, 2020 - 9:08pm | 821This weekend's Barron's cover story offers ways to profit from the digital-payment future. Other featured articles discuss how to invest in the post-COVID world, where to look overseas for bargains, and how Bill Ackman is positioned now. Also, the prospects for a supermarket operator, a...
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IPO Market Hiccup As Albertsons Offering Fails To Meet Expectations In Both Price And Scale
Friday, June 26, 2020 - 3:49am | 390Albertson’s initial public offering is priced below expectations, and the number of shares offered also disappointed, leading to a jolt for the IPO market. What Happened The grocer sold 50 million shares and raised $800 million at $16 per share, according to sources of the Wall Street Journal...
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Jim Cramer Recommends Buying Albertsons IPO Below $25
Thursday, June 25, 2020 - 2:05pm | 449National grocery chain Albertsons is potentially days away from returning to the public market, and investors should buy the stock if the price is right, according to CNBC's Jim Cramer. What Happened: Albertsons was taken private in 2006, but is making a return to the New York Stock Exchange. A...
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A Closer Look At Albertsons Ahead Of The Grocer's IPO
Tuesday, June 23, 2020 - 12:15pm | 548Grocery chain Albertsons plans on selling 65.8 million shares on the New York Stock Exchange and its stock could start trading as early as this week. Here's what investors need to know about the S-1 filing. Albertsons Pricing, Valuation Details: Albertsons will trade on the NYSE under the...
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Grocery Retailer Albertsons Plans To Raise $1.3B In IPO
Friday, June 19, 2020 - 7:38am | 378Albertsons on Thursday said it expected to raise up to $1.3 billion in its initial public offering. IPO Pricing The grocery retailer is hoping to sell 65.8 million shares priced between $18 and $20 per share. Underwriters for the IPO will have an option to purchase additional 9.87 million...
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Barron's Picks And Pans: Albertsons, Carnival, Harley-Davidson And More
Saturday, April 25, 2020 - 3:32pm | 779This weekend's Barron's examines what's happening with restaurant and food stocks during the pandemic. Other featured articles offer the latest Big Money Poll and some oil and "oily" stock picks. Also, the prospects for an IPO bucking the trend, struggling cruise operators and...
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A Look At Albertsons Pending IPO
Tuesday, March 10, 2020 - 11:12am | 374Grocery chain Albertsons Companies confirmed filed a registration statement last week to become a publicly listed company, marking its third attempt to do so in the past five years. What To Know Albertsons' most recent attempt to become public occurred in 2018 when its merger with pharmacy...
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Cerberus Is Reportedly Preparing To Take Albertsons Public
Tuesday, January 14, 2020 - 9:17am | 240Supermarket chain Albertsons Cos. is preparing to proceed with an initial public offering that could value it around $19 billion, according to a Monday Wall Street Journal report that cited people familiar with the matter. Private equity investor Cerberus Capital Management,...
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Former Albertsons CEO Ups His Medicine Man Tech Investment To $21M
Friday, July 19, 2019 - 2:58pm | 198Medicine Man Technologies Inc (OTC: MDCL) announced that Dye Capital & Company is increasing its investment in the company from $14 million to $21 million. Justin Dye, Dye Capital Management Partner, is stepping up to serve as Medicine Man Technologies' Chairman of the Board. Dye was a...
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M&Ain't: Several Of The Year's Biggest Mergers Face Uncertain Future
Thursday, August 16, 2018 - 7:37am | 1133Some of the most prominent and anticipated mergers of the year appear to be in a holding pattern, and the trend is nothing new. The failure rate of mergers and acquisitions teeters between 70 and 90 percent, according to the 2011 Harvard Business Review study. The high failure rate is a direct...
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Rite Aid, Albertsons Cave To Opposition, Cancel Merger
Thursday, August 9, 2018 - 7:57am | 698Ahead of Thursday’s scheduled shareholder vote, Rite Aid Corporation (NYSE: RAD) and Albertsons Companies mutually agreed to terminate their widely opposed, $24 billion merger. "While we believed in the merits of the combination with Albertsons, we have heard the views expressed by our...
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Grocery Chain Albertsons To Buy Rite Aid
Tuesday, February 20, 2018 - 9:24am | 481Grocery store chain Albertsons reached an agreement to fully acquire Rite Aid Corporation (NYSE: RAD). What You Need To Know Rite Aid and Walgreens Boots Alliance Inc (NASDAQ: WBA) attempted to merge their pharmacy businesses together in 2015, but the merger failed. Rite Aid ended up selling...
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Of The Potential Paths Forward For Whole Foods, A Takeout Seems Most Likely
Monday, May 8, 2017 - 2:53pm | 339Amid Whole Foods Market, Inc. (NASDAQ: WFM) recent notable struggles, M&A speculation continues to swirl ahead of the company’s first-quarter report set for Wednesday. Analysts at Oppenheimer believe comps will once again fall short of Wall Street forecasts and will be watching updated...