Alston & Bird acted as counsel to Credit Suisse, financial advisor to Albertsons Companies, in connection with its planned $24.6 billion merger with Kroger.
Under the terms of the merger agreement, which has been unanimously approved by the board of directors of each company, Kroger will acquire all the outstanding shares of Albertsons Companies common and preferred stock.
The transaction is expected to close in early 2024 and is subject to the receipt of required regulatory clearance and other customary closing conditions.
Advising Credit Suisse on the merger is partner Stuart Rogers of the firm’s Financial Advisors Team.