Reported about 2 months ago
Kroger Co. is considering a multi-part bond sale while initiating a debt exchange offer aimed at bondholders of its takeover target, Albertsons Cos. This comes as the potential merger faces antitrust scrutiny, with a Colorado judge recently halting the deal and legal challenges from the Federal Trade Commission. Investor calls for issuing unsecured bonds are expected to start soon, but the successful completion of both the bond sale and debt exchange is uncertain pending the outcome of the merger litigation.
Source: YAHOO