Kroger Stock Falls on Albertsons Deal

52
Comment
Favorite

Kroger Stock Falls on Albertsons Deal

InvestorPlace2022-10-14

Kroger(KR) agreed to pay $34.10/share to buy rival Albertson's(ACI).Combined the companies have about 13% of the U.S. grocery market.Albertson's opened on Oct. 14 at a 24% discount to the strike price...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

phantom74
·2022-10-15
like
Reply
Like
Report
Cool65
·2022-10-14
Tq
Reply
2
Report
Fold Replies
- Mib1515:
  K
  2022-10-16
  Reply
  Report
Hksg
·2022-10-14
joining
Reply
1
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1168021757?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-10-14 21:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1168021757","market":"us","top_or_hot":-1,"title":"Kroger Stock Falls on Albertsons Deal","media":"InvestorPlace","content":"<div>\n<p>Kroger(KR) agreed to pay $34.10/share to buy rival Albertson's(ACI).Combined the companies have about 13% of the U.S. grocery market.Albertson's opened on Oct. 14 at a 24% discount to the strike price...</p>\n\n<a href=\"https://investorplace.com/2022/10/kroger-kr-stock-falls-on-albertsons-deal/\">Source Link</a>\n\n</div>\n","source":"investorplace","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kroger Stock Falls on Albertsons Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKroger Stock Falls on Albertsons Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-14 21:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/10/kroger-kr-stock-falls-on-albertsons-deal/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Kroger(KR) agreed to pay $34.10/share to buy rival Albertson's(ACI).Combined the companies have about 13% of the U.S. grocery market.Albertson's opened on Oct. 14 at a 24% discount to the strike price...</p>\n\n<a href=\"https://investorplace.com/2022/10/kroger-kr-stock-falls-on-albertsons-deal/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KR","symbol_name":"克罗格","start_time":0,"source_url":"https://investorplace.com/2022/10/kroger-kr-stock-falls-on-albertsons-deal/","article_id":"1168021757","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1168021757","pubTimestamp":1665755672,"sourceInfo":{"source_id":"investorplace","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Kroger(KR) agreed to pay $34.10/share to buy rival Albertson's(ACI).Combined the companies have abou","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"KR":"克罗格","ACI":"艾伯森"},"translate_title":"Kroger股票因Albertsons交易而下跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ACI":0.9,"KR":0.9},"content_text":"Kroger(KR) agreed to pay $34.10/share to buy rival Albertson's(ACI).Combined the companies have about 13% of the U.S. grocery market.Albertson's opened on Oct. 14 at a 24% discount to the strike price.Kroger’s(NYSE:KR) stock fell about 3% in morning trade on Oct. 14 after it agreed to buy Albertson’s Companies(NYSE:ACI)for $24.6 billion.Albertson’s was also down, but it had risen 11% on Oct. 13.Kroger is valuing Albertson’s at $34.10/share. Albertson’s was due to open below $28.Why Buy Now?Grocery shares languished for years before breaking out during the pandemic. In 2022, Kroger is up 3% while the average stock in the S&P 500 is down over 23%. Albertson’s has traded as high as $36/share during 2022 but is now down over 10%.Both chains own more than their namesake markets. Kroger owns Harris Teeter, Dillon’s, Roundy’s, and Fred Meyer, among other chains. Albertson’s owns Safeway and Jewel/Osco. Among their biggest territory overlaps is California, where Safeway and Albertson’s go up against Kroger’s Ralph’s chain.While some reporters call the result a“mega grocery chain,” it would only have about 13% of the U.S. market. Walmart(NYSE: WMT) is now the country’s largest grocery, with a 21.6% share of spend, when its Sams Club warehouse stores are added. Kroger had 8.8% and Costco Wholesale(NASDAQ: COST) was not far behind at 6.4%.For the May quarter Kroger earned $657 million, 91 cents/share on revenue of$44.6 billion. For the June quarter, Albertson’s earned $484 million, 86 cents/share, on revenue of$23.3 billion.In addition to Walmart, Costco and Amazon (NASDAQ: AMZN), which owns Whole Foods, grocers like Kroger’s and Albertson’s face growing competition from European giants Aldi and Lidl, as well as Trader Joe’s, which is also owned by a German company. Both hope to complete their deal in early 2024 but it will face scrutiny from an increasingly aggressive Securities and Exchange Commission.KR Stock: What Happens NowAs trading opened Albertson’s was still selling at a 25% discount to the Kroger price. This indicates skepticism over whether the merger will be approved and how long that might take.Shoppers are unlikely to see much change as both companies continue to use the names of past acquisitions in the marketplace.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9980562483,"gmtCreate":1665783671742,"gmtModify":1676537662785,"author":{"id":"3570342809089528","authorId":"3570342809089528","name":"phantom74","avatar":"https://static.tigerbbs.com/c87ef2af41b8696be86cceafb5b5723d","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":0},"htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9980562483","repostId":1168021757,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9980594771,"gmtCreate":1665760536993,"gmtModify":1676537661347,"author":{"id":"4126893166241612","authorId":"4126893166241612","name":"Cool65","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Tq","listText":"Tq","text":"Tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9980594771","repostId":1168021757,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104372946,"gmtCreate":1665932016498,"gmtModify":1665932019871,"authorId":3579210010472476,"author":{"id":3579210010472476,"authorId":3579210010472476,"name":"Mib1515","avatar":"https://static.tigerbbs.com/c0b85730abdbda4c69ac70cb9d1f58cb","vip":1,"currentWearingBadge":{"badgeId":"23f878ed27704312ae41c7f17e73b319-5","templateUuid":"23f878ed27704312ae41c7f17e73b319","name":"Annualised return","description":"Top 5%","bigImgUrl":"https://community-static.tradeup.com/news/28b025635697d2f8cba3e94ec9f33231","smallImgUrl":"https://community-static.tradeup.com/news/b9d0f04877ffafa61d3f0d06efb58d87","grayImgUrl":"https://community-static.tradeup.com/news/0b3045db9a2ba37916c82e771c62bd6c","redirectLinkEnabled":1,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.09.13","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":5300},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9980594771,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">K</span>","text":"<span class=\"s1\">K</span>","html":"<span class=\"s1\">K</span>"}],"langContent":"EN"},{"id":9980508307,"gmtCreate":1665757996709,"gmtModify":1676537660852,"author":{"id":"3569545284218891","authorId":"3569545284218891","name":"Hksg","avatar":"https://static.tigerbbs.com/98dbbf2b9d7688bf6318177b2a76d776","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"joining","listText":"joining","text":"joining","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9980508307","repostId":1168021757,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":52,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}