Kroger Stock Buybacks Resume After Albertsons Megamerger Blow

Kroger Stock Buybacks Resume After Albertsons Megamerger Blow·Investor's Business Daily

Albertsons sued prospective partner Kroger on Wednesday, a day after a district judge blocked Kroger's $24.6 billion takeover of the smaller grocery peer. Late Wednesday, Kroger announced a new $7.5 billion share repurchase program. Kroger stock popped almost 3% in extended trading.

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