Reported about 2 months ago
Kroger Co. is initiating a significant dollar bond sale potentially worth around $10 billion to finance its acquisition of Albertsons Cos. This move comes amidst legal uncertainties regarding the deal, with a trial set to start soon to address the Federal Trade Commission’s lawsuit aimed at blocking the merger. The bond offering, one of the largest of the year, may include provisions for mandatory redemption if the acquisition does not go through.
Source: YAHOO