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What will be the impact on Kroger's stock price by December 10, 2025?
3
Resolution / Starting Odds
Increases by over 10% • 25%
Decreases by over 10% • 25%
Remains within 10% of current price • 25%
Other outcome • 25%
Stock market data from NYSE or major financial news outlets
Story
Federal Judge Blocks Largest Grocery Merger: Kroger's $24.6 Billion Albertsons Deal, Siding with FTC
Dec 10, 2024, 08:40 PM
A federal judge in Oregon, Adrienne Nelson, has blocked Kroger Co.'s $24.6 billion acquisition of rival Albertsons Cos., granting the Federal Trade Commission's (FTC) motion for a preliminary injunction. The judge, appointed by President Biden, cited concerns that the merger would reduce competition and potentially raise prices for U.S. grocery shoppers. This decision marks a significant setback for the two supermarket giants and may signal the end of what would have been the largest grocery merger in U.S. history. The ruling is considered a substantial victory for the FTC and its chair, Lina Khan, reinforcing the agency's antitrust enforcement efforts. Following the announcement, Kroger's shares rose by 5.2%.
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Similar markets
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1.26% - 1.75% • 33%
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