Albertsons Terminates Material Definitive Agreement

Ticker: ACI · Form: 8-K · Filed: 2024-12-11T00:00:00.000Z

Sentiment: neutral

Topics: agreement-termination, material-event

Related Tickers: ACI

TL;DR

Albertsons just terminated a big deal. WTF?

AI Summary

Albertsons Companies, Inc. announced on December 10, 2024, the termination of a material definitive agreement. The filing does not specify the counterparty or the nature of the agreement, but it signifies a change in a significant contractual relationship for the grocery store company.

Why It Matters

The termination of a material definitive agreement can impact future business operations, strategic partnerships, or financial arrangements for Albertsons Companies, Inc.

Risk Assessment

Risk Level: medium — The termination of a material definitive agreement suggests a significant event that could have financial or operational implications for the company.

Key Numbers

Key Players & Entities

FAQ

What specific material definitive agreement was terminated?

The filing does not specify the name or details of the terminated material definitive agreement.

Who was the counterparty to the terminated agreement?

The filing does not disclose the identity of the other party involved in the terminated agreement.

What is the effective date of the termination?

The earliest event reported is December 10, 2024, which is the date of the report and likely the effective date or date of discovery of the termination.

What are the potential financial or operational impacts of this termination on Albertsons?

The filing does not provide details on the specific impacts, but the termination of a material agreement generally suggests potential consequences.

Is there any further information available regarding the reasons for the termination?

No, this Form 8-K filing only reports the termination and does not elaborate on the reasons behind it.

From the Filing

0001646972-24-000231.txt : 20241211 0001646972-24-000231.hdr.sgml : 20241211 20241211083127 ACCESSION NUMBER: 0001646972-24-000231 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241210 ITEM INFORMATION: Termination of a Material Definitive Agreement FILED AS OF DATE: 20241211 DATE AS OF CHANGE: 20241211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Albertsons Companies, Inc. CENTRAL INDEX KEY: 0001646972 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0222 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39350 FILM NUMBER: 241540259 BUSINESS ADDRESS: STREET 1: 250 PARKCENTER BLVD. CITY: BOISE STATE: ID ZIP: 83706 BUSINESS PHONE: 208-395-6200 MAIL ADDRESS: STREET 1: 250 PARKCENTER BLVD. CITY: BOISE STATE: ID ZIP: 83706 8-K 1 aci-20241210.htm 8-K aci-20241210 0001646972 False 0001646972 2024-12-10 2024-12-10 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 10, 2024   Albertsons Companies, Inc. (Exact Name of Registrant as Specified in Charter)   Delaware 001-39350 47-4376911 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)   250 Parkcenter Blvd. Boise , Idaho 83706 (Address of principal executive office and zip code) ( 208 ) 395-6200 (Registrant’s telephone number, including area code) Not Applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A common stock, $0.01 par value ACI New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 1.02 Termination of a Material Definitive Agreement On December 10, 2024, Albertsons Companies, Inc. (the "Company") sent a notice to The Kroger Co. ("Kroger") terminating its previously announced Agreement and Plan of Merger, dated as of October 13, 2022, by and among the Company, Kroger and Kettle Merger Sub, Inc. ("Merger Sub"), which provided for the merger of Merger Sub with and into the Company, with the Company as the surviving corporation and a direct, wholly owned subsidiary of Kroger (the "Merger" and such agreement, the "Merger Agreement"). A description of the Merger Agreement and the transactions contemplated by the Merger Agreement was included in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on October 14, 2022, and is incorporated herein by reference. The Company's termination of the Merger Agreement followed the December 10, 2024 decision of

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