CINCINNATI, Dec. 11,
2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR)
today issued the following statement:
Albertsons' claims are baseless and without
merit.
Kroger refutes these allegations in the
strongest possible terms, especially in light of Albertsons'
repeated intentional material breaches and interference throughout
the merger process, which we will prove in court.
This is clearly an attempt to deflect
responsibility following Kroger's written notification of
Albertsons' multiple breaches of the agreement, and to seek payment
of the merger's break fee, to which they are not entitled.
Kroger looks forward to responding to these
baseless claims in court. We went to extraordinary lengths to
uphold the merger agreement throughout the entirety of the
regulatory process and the facts will make that abundantly
clear.
We are incredibly proud of the Kroger team for
how they worked through the merger process with the highest degree
of integrity and commitment.
We are confident in Kroger's value creation
model to drive sustainable growth. Kroger's Board of
Directors is currently evaluating next steps that serve the best
interests of Kroger's customers and associates, and create value
for shareholders.
About Kroger
At The Kroger Co. (NYSE: KR),
we are dedicated to our Purpose: To Feed the Human Spirit™. We are,
across our family of companies nearly half a million associates who
serve over 11 million customers daily through a seamless digital
shopping experience and retail food stores under a variety
of banner names, serving America through food inspiration and
uplift, and creating #ZeroHungerZeroWaste communities by 2025. To
learn more about us, visit our newsroom and investor
relations site.
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SOURCE The Kroger Co.
