Seven US State Officials Oppose Kroger's Acquisition Of Albertsons: Report
Portfolio Pulse from Shivani Kumaresan
Officials from seven U.S. states have written to the Federal Trade Commission (FTC) opposing Kroger Company's (NYSE:KR) proposed $24.6 billion acquisition of Albertsons Companies Inc (NYSE:ACI). They argue that the merger would give Kroger/Albertsons nearly a quarter of the U.S. food retail market. The FTC is currently conducting an antitrust probe into the deal.
August 17, 2023 | 10:46 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Albertsons' proposed acquisition by Kroger is facing opposition from officials in seven U.S. states, which could potentially derail the deal.
The opposition from state officials could potentially influence the FTC's decision on the deal. If the deal is blocked, it could negatively impact Albertsons' plans and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Kroger's proposed acquisition of Albertsons is facing opposition from officials in seven U.S. states, which could potentially derail the deal.
The opposition from state officials could potentially influence the FTC's decision on the deal. If the deal is blocked, it could negatively impact Kroger's expansion plans and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100