iRobot and Amazon have announced that they have entered into a mutual agreement to terminate the acquisition agreement they originally signed on August 4, 2022, a move that triggers a $94 million termination payment from the retailer to the manufacturer. At the same...
Despite tighter consumer spending, Kroger stated that the flexibility of its business model helped the company navigate the third quarter when it topped a Wall Street estimate on earnings and revenue. Company net earnings were $646 million, or 88 cents per diluted...
As its acquisition by The Kroger Co. proceeds, Albertsons Cos. beat Wall Street second-quarter sales and earnings estimates despite a net income decline. Net income for the quarter was $266.9 million, or 46 cents per diluted share, versus $342.7 million, or 59 cents...
iRobot has entered into a new $200 million credit facility that prompted the company and Amazon to amend the price per share formerly set for its acquisition by the retailer. Under the amended acquisition terms, Amazon will pay $51.75 per share revised down from $61...
As it works to complete its merger with The Kroger Co., Albertsons Cos. has announced that Tom Moriarty will join the company as executive vice president and general counsel, effective June 5. Prior to accepting the Albertsons position, Moriarty served at CVS Health,...
