Kimco Sells Portion of Albertsons Stake After Kroger-Albertsons Merger Announcement

Kimco Realty sold 11.5 million of its 39.8 million shares in Albertsons Companies, generating net proceeds of approximately $301.1 million following the Kroger‑Albertsons merger announcement. Kimco retains 28.3 million Albertsons shares, agreed to a lock-up on roughly 28 million shares for up to seven months, and noted that the merger consideration includes a $6.85 per‑share special cash dividend.