Kroger/Albertsons Ruling Provides Lessons for Merger Remedy Divestitures
By EsqSocial Corporation 20/12/24
On December 10, a federal court in Oregon issued a preliminary injunction against Kroger's proposed $24.6 billion acquisition of Albertsons, which would have been the largest supermarket merger in US history (Albertsons terminated the merger agreement after the ruling). The Federal Trade Commission, the District of Columbia, and eight States filed the suit in February 2024, alleging that the transaction would substantially lessen competition in violation of Section 7 of the Clayton Act. The...
By: Katten Muchin Rosenman LLP