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Latham & Watkins Represents the Majority Shareholder of Preferred Securities in Connection With Kroger and Albertsons’ Definitive Merger Agreement

October 14, 2022
Firm advises the direct lender on the transaction.

Kroger (NYSE: KR) and Albertsons Companies, Inc. (NYSE: ACI) announced that they have entered into a definitive agreement under which the companies will merge two complementary organizations with iconic brands and deep roots in their local communities to establish a national footprint and unite around Kroger's Purpose to Feed the Human Spirit. Through a family of well-known and trusted supermarket banners, this combination will expand customer reach and improve proximity to deliver fresh and affordable food to approximately 85 million households with a premier omnichannel experience.

Latham & Watkins LLP represents the majority shareholder of preferred securities in connection with the transaction with a corporate team led by Orange County/New York partner Charles Ruck, New York partners Stelios Saffos, Pete Sluka, and Robert Katz, with associate Jennifer Wong. Advice was also provided on litigation matters by Century City/Washington, D.C. partner Makan Delrahim and Washington, D.C. partners Ian Conner and Alan Devlin.