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Kroger Launches $5 Billion Accelerated Share Repurchase: Details - Kroger (NYSE:KR)

Summary by Benzinga
Kroger Company (NYSE:KR) shares are relatively unchanged in the premarket session on Friday. The grocery giant has entered into Accelerated Share Repurchase agreements with Wells Fargo Bank and Citibank to repurchase a total of $5.0 billion in shares of its common stock. This buyback is part of Kroger’s broader $7.5 billion share repurchase authorization. Related: Kroger’s $7.5 Billion Buyback Blitz: Eyes Lower Grocery Prices And Big Returns Aft…
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