Loading...
Loading...
Browse all stories on DeepNewz
VisitKroger's U.S. market share change post-merger termination by end of 2025?
Market share increases • 25%
Market share decreases • 25%
Market share remains stable • 25%
Data unavailable • 25%
Market share reports from reputable market research firms
Albertsons Terminates $24.6B Merger with Kroger, Sues for $600M Termination Fee
Dec 12, 2024, 11:17 AM
Albertsons has terminated its proposed $24.6 billion merger with Kroger, the largest supermarket merger in U.S. history, and filed a lawsuit against Kroger for breach of contract. The decision came a day after federal and state judges blocked the merger, citing anti-competitive concerns. Albertsons alleges that Kroger failed to make sufficient efforts to secure regulatory approval, including not divesting necessary assets and ignoring feedback from regulators. Kroger refutes these claims, stating that Albertsons was responsible for multiple breaches of the agreement. Albertsons is seeking a $600 million termination fee, while Kroger announced a $7.5 billion share buyback program. The merger aimed to help Kroger and Albertsons better compete with big retailers like Walmart, Costco, and Amazon. The Federal Trade Commission (FTC) and several states had sued to block the merger, arguing it would raise prices and lower workers' wages by eliminating competition.
View original story
Above 10% • 33%
10% - 12% • 33%
Below 10% • 33%
Merger completed • 25%
Merger blocked • 25%
Merger abandoned • 25%
Merger revised and completed • 25%
Less than 20% • 25%
20% to 25% • 25%
25% to 30% • 25%
More than 30% • 25%
Increase by more than 10% • 25%
Increase by less than 10% • 25%
Decrease • 25%
No significant change • 25%
Merger approved after appeal • 25%
Merger abandoned • 25%
Merger restructured and approved • 25%
Merger remains blocked • 25%
Albertsons gains market share • 25%
Kroger gains market share • 25%
Both lose market share • 25%
No significant change • 25%
Kroger-Albertsons Gains Market Share • 25%
Walmart Gains Market Share • 25%
Amazon Gains Market Share • 25%
Other Outcome • 25%
Merger proceeds after appeal • 25%
Merger is permanently blocked • 25%
Kroger withdraws merger bid • 25%
Other outcome • 25%
Approved without conditions • 25%
Approved with conditions • 25%
Rejected • 25%
Withdrawn by companies • 25%
Albertsons gains market share • 25%
Kroger gains market share • 25%
Both gain market share • 25%
Neither gain market share • 25%
Both increase • 25%
Both decrease • 25%
Kroger increases, Albertsons decreases • 25%
Kroger decreases, Albertsons increases • 25%
Focuses on organic growth • 25%
Undergoes restructuring • 25%
Pursues another merger • 25%
No major changes • 25%