Albertsons Cos. Inc. announces $750M accelerated share repurchase agreement
Albertsons Cos. Inc. announces $750M accelerated share repurchase agreement
Albertsons Cos. Inc. announced that it has entered into an accelerated share repurchase agreement with JPMorgan Chase Bank, National Association to repurchase $750 million of shares of the company’s common stock and increased its board authorized share repurchase program from $2 billion to $2.75 billion, inclusive of the ASR agreement.
“We are operating from a position of strength and executing with clarity, discipline and momentum. Our strategy is working and we expect to continue to invest in our business, while providing attractive returns to our shareholders,” said Susan Morris, CEO. “We believe our current share price undervalues the strength of our business and long-term growth. This ASR represents approximately 8 percent of our current outstanding shares, creating meaningful value for all shareholders.”
Under the ASR agreement, on Oct. 15, 2025, the company will pay $750 million to the dealer and expects to receive an initial delivery of approximately 80 percent of the shares of the company’s common stock initially underlying the ASR agreement. The total number of shares to be repurchased by the company pursuant to the ASR agreement will be based on the volume-weighted average price of the company’s common stock on specified dates during the term of the ASR agreement, less a discount and subject to customary adjustments under the terms and conditions of the ASR agreement.
The transactions under the ASR agreement are expected to be completed by no later than the first quarter of 2026.