Seeing Double: Kroger/Albertsons Merger Blocked by Federal and State Courts
By EsqSocial Corporation 20/12/24
In parallel, same-day rulings, a federal and state court blocked The Kroger Company’s $24.6 billion proposed acquisition of the Albertsons Companies, Inc., relying on traditional antitrust analysis and evidence of head-to-head competition between the merging parties to support their conclusions. Following the twin unfavorable rulings against the merger, Albertsons swiftly moved to terminate the merger agreement and filed a lawsuit against Kroger for breach of contract and breach of the covenant...
By: Wilson Sonsini Goodrich & Rosati