Hints and tips:
...“We are disappointed that the FTC continues to use the same outdated view of the US grocery industry it used 20 years ago,” an Albertsons spokesperson said....
...Clip from KCRA For further reading: The inequity method of accounting Opposition shadows Cerberus windfall from Albertsons supermarket deal The pool is closed, part 1 On X, follow Sujeet Indap (@sindap...
...It dismissed a proposal by the two companies to divest several hundred stores as “inadequate”....
...The US Federal Trade Commission has sued to block Kroger Company’s acquisition of Albertsons Companies in a move that threatens the largest supermarket merger in US history....
...In recent months, the regulator sued Apple for allegedly building a monopoly in the smartphone market and it also sued to block Kroger’s acquisition of Albertsons — the largest supermarket merger in US history...
...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....
...The gains the UAW made last autumn impressed workers such as Kassie “KC” Albertson, who has been employed at Troy for a decade....
...“It’s not only Aldi doing this deal, you’ve got Kroger and Albertson looking to merge.”...
...The FTC is suing to stop the big Albertson’s-Kroger grocery merger. I’m not sure what to think about this....
...Alongside its results, the company also reported it is taking a $1.4bn charge to settle nationwide opioid lawsuits....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Cash also flowed in from Albertsons’ property portfolio as the company sold stores to investors who then leased them back....
...It has committed to create a new listed company, holding between 100 and 375 stores, with existing Albertsons shareholders getting shares in this spin-off....
...According to people close to the talks, a deal could be announced as soon as this week after on-and-off discussions between the companies over the past several years....
...Company results: Financial groups Bank of America, Goldman Sachs and Bank of New York Mellon report earnings before the bell....
...Cerberus will receive $5.2bn for its Albertsons shares, making many multiples of its initial investment, an outcome that depends in part on how the spun-off company trades....
...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....
...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...
...Fast-forward to the present: Albertsons is controlled by Cerberus and about to sell the company to rival Kroger for nearly $25bn....
...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....
...Albertsons and Kroger will have a hard time arguing that they’re not rivals....
...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....
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