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BRIEF-Albertsons Terminates Merger Agreement
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BRIEF-Albertsons Terminates Merger Agreement
Dec 11, 2024 6:04 AM

Dec 11 (Reuters) - Albertsons Companies Inc ( ACI ):

* ALBERTSONS TERMINATES MERGER AGREEMENT

* ALBERTSONS COMPANIES INC ( ACI ): BOARD AUTHORIZES $2 BILLION

SHARE

REPURCHASE PROGRAM

* ALBERTSONS COMPANIES INC ( ACI ): INCREASES QUARTERLY CASH

DIVIDEND BY

25%

* ALBERTSONS COMPANIES INC OUTLOOK 2024 ANNUAL IDENTICAL

SALES

GROWTH IN RANGE OF 1.8% TO 2.2%

* ALBERTSONS COMPANIES INC OUTLOOK 2024 ANNUAL ADJUSTED NET

INCOME

PER CLASS A COMMON SHARE IN RANGE OF $2.20 TO $2.30 PER SHARE

* ALBERTSONS COMPANIES INC ( ACI ): CERBERUS HAS NO INTENTION OF

SELLING

ANY OF ITS SHARES IN COMPANY

* ALBERTSONS COMPANIES ( ACI ): TO INCREASE QUARTERLY CASH DIVIDEND

25%

FROM $0.12 PER SHARE TO $0.15 PER SHARE

* ALBERTSONS COMPANIES OUTLOOK IDENTICAL SALES GROWTH IN

RANGE OF

2%+ OVER TIME

Source text:

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