Structure of Kroger Acquisition of Albertsons [1 Big Chart and 600+ entities]

Kroger Co. and Albertsons Companies, Inc. announced that Kroger would acquire Albertsons for almost $25 billion:

Under the terms of the merger agreement, which has been unanimously approved by the board of directors of each company, Kroger will acquire all of the outstanding shares of Albertsons Companies, Inc. ("Albertsons Cos.") common and preferred stock (on an as converted basis) for an estimated total consideration of $34.10 per share, implying a total enterprise value of approximately $24.6 billion, including the assumption of approximately $4.7 billion of Albertsons Cos. net debt.

Criticism of the Kroger / Albertsons deal focuses on antitrust concerns because both companies own large grocery store operations. Close examination of the subsidiaries for both companies shows just how expansive the business are.

Ownership structure before acquisition

This chart shows the beneficial owners of both companies before the merger.

An interactive version of this Kroger and Albertsons pre-acquisition ownership chart is available.

Ownership structure after acquisition

While the legal structure is not yet available, here is a chart showing the whole company acquisition, replacing the Albertson owners with Kroger Co.

An interactive version of this Kroger and Albertsons post-acquisition ownesrship chart is available.

Company structure with subsidiaries

Both Kroger and Albertsons have extensive subsidiaries spanning jurisdictions and lines of business. Albertsons has a number special purpose vehicles in its corporate finance structure.

Kroger company structure with subsidiaries

This chart shows Kroger's subsidiaries before the acquisition.

An interactive version of this organization chart of Kroger's subsidiaries is available. The interactive version allows for panning and zooming to explore the details of Kroger's corporate structure.

Albertsons company structure with subsidiaries

This chart shows Albertsons company structure prior to the acquisition.

An interactive version of this organization chart of Albertsons' subsidiaries is available. The interactive version allows for panning and zooming to explore the details of Albertsons' corporate structure.

Combined Kroger and Albertsons company structure after acquisition

This chart shows the potential corporate structure of Kroger after completing the acquisition of Albertsons. The chart includes legal entities that might be divested as part of the deal.

An interactive version of this organization chart of Kroger's acquisition of Albertsons is available. The interactive version allows for panning and zooming to explore the details of Kroger's potential corporate structure.

Conclusion

These company structure charts show the scale of Kroger and Albertsons from a legal perspective. The charts highlight some of the difficulties with company structure charts.

You can create your own company structure charts with Lexchart.