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Supermarket chains like Walmart, Albertsons, and Stop & Shop are shutting down nationwide. See if your neighborhood grocer is closing up shop here. RELATED: Big Lots Is No Longer Closing 15 Stores—Here's Why and Where.
Antitrust experts say a few core issues prompted the judges to say no the merger, ultimately dooming the deal.
Kroger’s conduct created frustration and distrust among regulators … and ultimately caused an unprecedented litigation onslaught,” Albertsons claims in a newly unsealed lawsuit.
The companies’ failed merger is a stark reminder of the risks food retailers face as they position themselves in a rapidly changing market, analysts said.
Following the termination of the planned merger of Kroger (KR) with Albertsons (ACI), BofA believes the federal/state court decisions against
So, what is Albertsons’ ( ACI) plan in a post-Kroger ( KR) world? Lowering prices is likely top on its list. And to optimize its real-estate footprint, Albertsons ( ACI) could also sell and lease back its stores or continue to close some stores outright.
Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.
In parallel, same-day rulings, a federal and state court blocked The Kroger Company’s $24.6 billion proposed acquisition of the Albertsons
The biggest “winner” of the failed deal isn't The Kroger Co. or Albertsons Companies, Inc. It's Walmart because the busted merger eliminates Walmart's most viable competitor. The judgment ...
Albertsons on Wednesday called off its $24. ... combining would have helped them better compete with big retailers like Walmart, Costco and Amazon. But on Tuesday, an Oregon court ruled that ...