Kroger Stock Soars on $1B Opioid Settlement and Sale of 400 Stores

Kroger was the best performing stock in the S&P 500 on Friday
Kroger is paying over $1 billion to settle opioid claims
Kroger is selling more than 400 stores
Kroger shares rose 4.5% on Friday to $47.56
This was Kroger's largest percentage increase since March 2

barrons.com

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9/8/2023

Kroger to Pay $1.2 Billion to Settle Opioid Claims with States and Tribes

Kroger has agreed to pay $1.2 billion to settle claims that it played a role in fueling the opioid epidemic, joining other retail pharmacy chains in nationwide settlement agreements.