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...“We are disappointed that the FTC continues to use the same outdated view of the US grocery industry it used 20 years ago,” an Albertsons spokesperson said....
...The Federal Trade Commission last month sued to block Kroger’s $24.6bn bid to buy rival Albertsons, the largest supermarket deal in US history....
...In the Albertsons deal, which is being reviewed by US regulators, most of the $7bn in lower-cost debt on the target’s books will be transferable....
...An Albertsons spokesperson said it was “disappointed that the FTC continues to use the same outdated view of the US grocery industry it used 20 years ago”....
...The US Federal Trade Commission last month sued to block Kroger’s $24.6bn bid to buy rival Albertsons, the largest supermarket deal in history....
...Earnings: Defence manufacturer Lockheed Martin, pharmaceutical group Johnson & Johnson, and grocery chain Albertsons report quarterly earnings before the bell....
...“It’s not only Aldi doing this deal, you’ve got Kroger and Albertson looking to merge.”...
...Kroger and Albertsons announced they will sell more than 400 stores for about $1.9bn to help assuage regulatory concerns as they seek to complete their planned merger....
...The FTC is suing to stop the big Albertson’s-Kroger grocery merger. I’m not sure what to think about this....
...Its remaining stake in Albertsons will be cashed out at roughly $1bn should the Kroger deal close....
...published EU: November unemployment rate Germany: November industrial production figures UK: BRC-KPMG Retail Sales Monitor, plus Barclays Consumer Spending Data US: NFIB Small Business Index Results: Albertsons...
...On Friday, Kroger announced that it would acquire Albertsons at an aggregate value of $25bn. Albertsons had already consumed Safeway seven years ago....
...However, grocers like Kroger and Albertsons are under increasing pressure from the likes of Amazon, Walmart and Costco. Read more about the potential merger here....
...However, grocers such as Kroger and Albertsons are under increasing pressure from the likes of Amazon, Walmart and Costco....
...In 2014, the portfolio of grocers, named Albertsons, acquired Safeway for $9.7bn, a deal it financed with nearly $8bn debt....
...But observers of the US economy will find much to think about in some smaller companies this week: the trucker JB Hunt, the grocer Albertsons, Snap-on tools, assorted regional banks....
...unlock capital funding in the economic bloc Germany: October ZEW Economic Sentiment Survey UK: monthly unemployment rate and average weekly earnings figures US: September retail sales figures Results: Albertsons...
...(Construction Physics) — The smash and grab of Kroger-Albertsons (BIG by Matt Stoller) — RNS watch: Naked Wines does its post-Covid pivot; Dunelm’s in line; Travis Perkins is a bit cautious; Jupiter says...
...Lockheed Martin, Johnson & Johnson and Albertsons also report quarterly earnings ahead of the market opening. Air carrier United Airlines will report after the bell....
...Eventually the group acquired the rest of Albertsons as well as the national chain Safeway....
...fined a record £21mn over ‘textbook’ failures in Carillion collapse (FT) Antares Capital weighs deal for private credit rival Hayfin (Bloomberg) California AG says he may sue to stop Kroger from buying Albertsons...
...Albertsons and Kroger will have a hard time arguing that they’re not rivals....
...At a rate of 14.6 per cent, Carlyle’s loan is a juicy yield play that comes as private capital firms push into corporate lending by making large loans to companies such as Carvana, Hertz and Albertsons....
...rivals (FT) Oaktree Capital’s Howard Marks to undergo cancer treatment (FT) Johnson & Johnson consumer arm’s shares jump in biggest US IPO since 2021 (FT + Lex) Biggest grocery union opposes $20bn Kroger-Albertsons...
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