Analysts: FTC should win Kroger, Albertsons merger case [Yahoo! Finance]
Kroger Company (The) (KR)
Last kroger company (the) earnings: 3/5 08:30 am
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Source: Yahoo! Finance
Commission-Kroger, Albertsons merger trial, which closed on Tuesday in Portland, Ore., market analysts are offering their take, and it does not look promising for the grocers. Supermarket News reached out to Eric Fruits, senior scholar at the International Center for Law & Economics, and David Balto, an antitrust lawyer who served as the policy director of the Bureau of Competition for the FTC between 1998 and 2001, and both believe an injunction on the $24.6 billion merger is likely to happen. “I thought the FTC made a compelling case and the evidence I think is overwhelming that these firms [Kroger and Albertsons] are very substantial competitors and competition benefits consumers,” said Balto. “Probably the strongest part of the FTC's case is the whole question of whether or not C&S somehow could replace that [Kroger-Albertsons] rivalry. In that respect, [the defendants'] case fell remarkably short.” The trial centered around the definition of competition. The FTC used severa
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KR
Earnings
- 9/12/24 - Beat
KR
Sec Filings
- 11/8/24 - Form SC
- 11/6/24 - Form 8-K
- 10/31/24 - Form 8-K
- KR's page on the SEC website