Your email has been successfully added to our mailing list.

×
0.000475351922474482 0.000202240636107381 0.000459146743299232 0.000183658697319742 0.00182578352041318 0.00016205179175262 0.00214988710391842 0.00425656039670285
Stock impact report

Kroger blames Albertsons for merger's demise in new court filings [Yahoo! Finance]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
In court papers filed Tuesday in the Delaware Court of Chancery, Kroger said Albertsons disregarded the companies' merger agreement and worked secretly with a partner, C&S Wholesalers, to try to force Kroger to divest more stores to C&S. Kroger also claimed that Albertsons was secretly planning to sue Kroger if the deal didn't go through long before the merger actually fell apart in December. Kroger said in Tuesday's court filing that it should not be forced to pay Albertsons a $600 million termination fee as well as billions of dollars in legal fees. Kroger and Albertsons first proposed the merger in 2022 . They argued that combining would help them better compete with big retailers like Walmart and Costco. But the Federal Trade Commission and two states — Washington and Colorado — sued to block the merger last year, saying it would raise prices and lower workers' wages by eliminating competition. It also said Kroger and Albertsons' plan to divest 579 stores C&S Wholesalers wa Show less Read more
Impact Snapshot
Event Time:
COST
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for COST alerts
Opt-in for
COST alerts

from News Quantified
Opt-in for
COST alerts

from News Quantified