Albertsons-Kroger appeal win is unlikely: Former antitrust regulator [Yahoo! Finance Canada]
Walmart Inc. (WMT)
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Source: Yahoo! Finance Canada
The lawsuit claims Kroger breached its contract agreement and failed to exercise its "best efforts" to get regulatory approval. Catalysts Co-Hosts Seana Smith and Madison Mills sit down with former Attorney General at the Antitrust Division of the US Department of Justice (DOJ) Bill Baer to examine the latest news about the failed merger just ahead of President-elect Donald Trump's second term in office "The parties have a right to appeal, but you have two courts who ruled yesterday, one in Washington — a state court — and then a federal judge in Oregon, and they basically, in very detailed opinions, said the same things," Baer, who is also the former director of the Federal Trade Commission's (FTC) Bureau of Competition, says. "Kroger and Albertsons are each other's closest competitors in many markets all across the country, and because they're closest competitors, if Kroger is allowed to absorb Albertsons in its various brands, it will have extra pricing muscle [and] it will b
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WMT
Earnings
- 11/19/24 - Beat
WMT
Sec Filings
- 12/20/24 - Form 144
- 12/19/24 - Form SCHEDULE
- 12/19/24 - Form 4
- WMT's page on the SEC website