Reported about 9 hours ago
Kroger Co. is now in a position to potentially buy back $4.7 billion of bonds after a judge blocked its attempt to acquire Albertsons Cos. The company's previously arranged bond sale to fund the acquisition is at risk, leading to potential debt buybacks. Analysts suggest Kroger may use remaining bond proceeds for share repurchases, reflecting the ongoing scrutiny and risks associated with large mergers and acquisitions in today's market.
Source: YAHOO