In connection with the termination of the merger agreement, Kroger (KR) will begin the process of redeeming the $4.7B of its senior notes issued on August 27 that include a special mandatory redemption provision in accordance with their terms. The notes will be redeemed at a redemption price equal to 101% of their principal amount, plus accrued and unpaid interest to, but excluding, the special mandatory redemption date.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KR:
- Albertsons terminates Kroger deal, Macy’s reports Q3 beat: Morning Buzz
- M&A News: Albertsons (NYSE:ACI) Slams Kroger in Explosive $25B Merger Fallout
- Kroger responds to Albertsons’ ‘baseless’ lawsuit
- Kroger call volume above normal and directionally bullish
- Albertsons price target lowered to $21 from $22 at RBC Capital