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Outcome of FTC lawsuit against $24.6B grocery merger
3
Resolution / Starting Odds
FTC wins • 33%
Merger proceeds with conditions • 33%
Merger proceeds without conditions • 34%
Official court decision or FTC press release
Story
FTC Sues to Block $24.6B Grocery and $8.5B Tapestry-Capri Mergers
Apr 23, 2024, 01:00 AM
The U.S. Federal Trade Commission (FTC) has initiated legal action to block two significant mergers in the grocery and luxury goods sectors. The FTC is suing to prevent a $24.6 billion merger between major grocery chains, citing concerns over reduced competition and potential price increases for consumers. Concurrently, the FTC is also attempting to block Tapestry's $8.5 billion acquisition of Capri Holdings, arguing that the merger would eliminate competition between luxury brands such as Coach, Kate Spade, and Michael Kors, potentially leading to higher prices in the 'affordable luxury' market. The lawsuits were filed in February.
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FTC blocks the merger • 33%
Merger proceeds with conditions • 34%
Merger proceeds without conditions • 33%
Merger Blocked Permanently • 33%
Merger Allowed with Conditions • 33%
Merger Allowed without Conditions • 33%
No further challenges • 25%
Minor challenges resolved quickly • 25%
Significant ongoing challenges • 25%
Merger reversed or halted • 25%
Live Nation-Ticketmaster Merger Dismantled • 33%
Partial Restrictions Imposed • 33%
No Change to Merger Status • 34%
Approved in all key states • 25%
Approved in some states • 25%
Blocked in key states • 25%
Pending in most states • 25%
Increase significantly • 33%
No significant change • 33%
Decrease • 34%
Significant Increase • 25%
Slight Increase • 25%
No Change • 25%
Decrease • 25%
Merger Blocked • 50%
Merger Approved • 50%