Hints and tips:
...This new generation of “trust busters” lament excessively lax antitrust policy in recent decades that they say has harmed competition across the US economy....
...Neither involved new debt, according to people briefed on the deals....
...A new front has opened up in US trustbusters’ fight against mergers: workers’ rights....
...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...
...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....
...Bank of New York Mellon will also release its earnings today before the bell....
...Aldi is not far behind and ranks among the top 10 retailers for new store openings this year, according to Coresight Research....
...The gains the UAW made last autumn impressed workers such as Kassie “KC” Albertson, who has been employed at Troy for a decade....
...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....
...News round-up Lenders flying blind on private equity risk, Bank of England warns (FT) Employee non-compete agreements barred by US regulator (FT) IBM nears deal for cloud-software provider (WSJ) Tesla...
...One certainty is that the island state will have a new leader....
...and now at New York University....
...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....
...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....
...Click here for our news, analysis and opinion about this harrowing conflict....
...Don’t miss the first issue of our new Central Banks newsletter today....
...By lowering end demand, tighter monetary policy makes it harder to find customers for new products, perhaps killing a project in the crib....
...(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...
...(Reuters) Paul Weiss set to move into Twitter’s UK headquarters in Soho (Financial News)...
...Citigroup has cut 10 capital markets bankers, per Financial News....
...’s new antitrust regime....
...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....
...In the case of the Albertsons deal, most of its lower-cost debt will transfer to Kroger because it’s highly rated, minimising the overall financing package....
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