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In an historic ruling for labor and antitrust advocates, a federal judge blocked the $25 billion merger of grocery giants Kroger and Albertsons.
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 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 ...
Following the termination of the planned merger of Kroger (KR) with Albertsons (ACI), BofA believes the federal/state court decisions against
Albertsons CEO Vivek Sankaran said in September that his company might consider “structural options” like laying off employees, closing stores and exiting certain markets if the Kroger merger didn’t go through.
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.
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Contract negotiations led to a strike by thousands of King Soopers employees across metro Denver in January 2022. King Soopers and the union reached an agreement 10 days later, but the strike still reverberates today. The labor dispute figured in Colorado Attorney General Phil Weiser’s lawsuit against the merger.