10:02 AM EST, 11/13/2024 (MT Newswires) -- Kroger ( KR ) said Wednesday it has extended the deadline for its offers to exchange up to $7.44 billion in Albertsons ( ACI ) notes for Kroger ( KR ) notes and cash, moving the expiration date to Nov. 20 from Nov. 14.

The related consent solicitations for amendments to Albertsons' ( ACI ) debt agreements have also been extended, Kroger ( KR ) said.

The planned merger of Kroger's ( KR ) wholly-owned subsidiary with Albertsons ( ACI ), expected to close by Q4, remains a condition for the exchange and consent transactions, Kroger ( KR ) said. Final settlement will follow the merger's completion, it added.

KR shares were down 0.3% while ACI shares were off 1.1% in recent trading.

Price: 59.52, Change: -0.16, Percent Change: -0.27