Here Are Two Lesser-Known Winners In The Kroger-Albertsons Merger

  • 📰 Forbes
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 53%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Kroger's announcement that it plans to buy rival grocer Albertsons for $24.6 billion will be a relief for investors Cerberus Capital Management and a windfall for Albertsons top executives.

roger's plan to buy rival grocer Albertsons for $24.6 billion would be a relief for Cerberus Capital Management.

The private equity firm, headed by former Trump advisor Stephen Feinberg, has been looking for an exit from its Albertsons investment almost since it first put its money in back in 2006. A back-of-the-envelope calculation shows that Cerberus, which owns about 29% of Albertsons stock, could collect in the neighborhood of $7.1 billion from the sale before factoring in the assumption of debt and reductions for a possible sale of existing stores. That’s assuming regulators approve the merger.

. That value is connected to the company’s stock price and outstanding equity awards as of January 26.. Sankaran, who rose to the top of the organizational chart in September 2021, stands to collect $50 million.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 394. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Never happen. No way this passes regulatory approval

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Kroger, rival Albertsons in talks for massive grocery merger - Dallas Business JournalKroger Co. is in talks with one of its biggest rivals about a merger that would combine the two largest U.S. operators of traditional supermarkets, according to multiple media reports.
La source: DallasBizNews - 🏆 525. / 51 Lire la suite »