The fact is that the US court began examining the deal
Posted: Sat Jan 04, 2025 5:35 am
10.2024 Kroger and Albertsons' $25 billion deal falls through Kroger Giorgi Tolordava 12.12.24 23:00 • 138 The largest deal ever recorded in the supermarket industry, involving the acquisition of Albertsons by American Kroger, has finally fallen through. The deal was worth $25 billion and was supposed to be one of the largest transactions of the year, but now the chances of its successful completion are almost zero.
, which decided to pause the process for several months. According touk business fax list the judge, the deal contained a high risk of violating antitrust laws, so more time was needed to study the issue. As it turns out, the court blocked the deal, after which Albersons' management decided to cancel the contract, meaning the negotiations were finally over.
Here, I will also tell you about the parties involved, Kroger's capitalization exceeds $ 44 billion and it is one of the largest players in the supermarket market. As for Albertsons, its market valuation is $ 11 billion and it owns about 2,500 supermarkets. Kroger Similar news Kroger Kroger and Albertsons' $25 billion deal could fall through 18:51 - 29.07.2024 For the first time in history, the NASDAQ has exceeded 20,000.
, which decided to pause the process for several months. According touk business fax list the judge, the deal contained a high risk of violating antitrust laws, so more time was needed to study the issue. As it turns out, the court blocked the deal, after which Albersons' management decided to cancel the contract, meaning the negotiations were finally over.
Here, I will also tell you about the parties involved, Kroger's capitalization exceeds $ 44 billion and it is one of the largest players in the supermarket market. As for Albertsons, its market valuation is $ 11 billion and it owns about 2,500 supermarkets. Kroger Similar news Kroger Kroger and Albertsons' $25 billion deal could fall through 18:51 - 29.07.2024 For the first time in history, the NASDAQ has exceeded 20,000.