October 19, 2022 | Consumer Discretionary | North America | Active

Albertsons / Kroger: Deal Insights

Kroger plans to buy Albertsons for $24.6bn, including $4.7bn of net debt, through a merger that would combine the two largest grocery-store chains in the US, the companies said on 14-Oct-22. Kroger is offering $34.10 per Albertsons share, but this consideration is expected to be reduced two times through: (i) a $4bn, $6.85 per share special cash dividend, which will be paid to Albertsons shareholders on 7-Nov-22 (record date: 24-Oct-22, ex-date: 21-Oct-22); and, (ii) the distribution of a new Albertsons’ spin-off entity immediately prior to deal completion, based on the value of any store divestitures. Importantly, the special cash dividend will be subject to a 30% withholding tax which will affect most offshore funds to the tune of approximately ...

How to Access this Report

Please contact us to request access to this report.


Share this article


Back to top of page