Grocery-store chains Albertsons Cos. and Kroger Co. said Wednesday that they were walking away from their merger deal, a day after two judges blocked it. But the drama didn’t end there.
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 ...
Facing a future without a tie-up with Kroger (KR), Albertsons (NYSE:ACI) is taking measures to remain competitive in the low-margin grocery business with fierce competition from retail behemoths ...
Antitrust enforcers have successfully blocked the merger of Kroger KR-1.78%decrease; red down pointing triangle and Albertsons ACI-1.51%decrease; red down pointing triangle, a deal that would have ...
Kroger’s $25 billion proposed takeover of rival Albertsons ultimately failed because two judges – one federal and the other from the state of Washington – didn’t buy the competitive vision ...
The grocery industry is reeling this week from the collapse of the proposed $25 billion merger of the nation’s second- and third- largest supermarkets, Kroger and Albertsons, and the fallout is ...
Within a day of their $25 billion merger’s falling apart in court, Kroger and Albertsons were each planning to move forward with share repurchases to boost their stock prices and reward investors.
Albertsons is poised to sue for their deal termination fee which, if obtained, would most likely kill any chance for a future deal. ACI was priced on the merger closing and now remains very ...
The largest proposed merger in the history of American supermarkets came to an abrupt end this week after Albertsons terminated ... has appeared in and on The Atlantic, National Geographic ...
The merger between grocery store giants Kroger and Albertsons was halted by Judge Adrienne Nelson of the U.S. District Court for the District of Oregon on Tuesday. Albertsons promptly sued Kroger ...
Two federal court rulings this week blocked the proposed Kroger-Albertsons $25 billion supermarket megamerger, meaning the chains will continue to operate separately. Meanwhile, Albertsons has ...
In Seattle and across the state, the dramatic collapse of the Kroger-Albertsons merger early Wednesday ... It wasn’t until mid-July, for example, that Kroger and Albertson released the exact ...