Kroger Stock Ends Higher After Judge Blocks Albertsons Merger [Yahoo! Finance]
Walmart Inc. (WMT)
Last walmart inc. earnings: 2/18 06:00 am
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Source: Yahoo! Finance
The deal would have made the combined companies one of the biggest grocery chains around. The companies had argued that the combination would help them better compete with Walmart and other retailers, while regulators were concerned about its effect on consumers. Shares of grocer Kroger ( KR ) finished Tuesday higher, rising in afternoon trading on the news that a court blocked its planned merger with Albertsons ( ACI Kroger's stock finished the day up more than 5%, while Albertsons was off more than 2%. A federal judge blocked the deal, The Wall Street Journal and other media outlets reported, agreeing with regulators who argued that it would hurt consumers by reducing competition in the grocery market. The proposed deal, announced in 2022 , would've created a grocery giant even after the divestments the companies had planned in a bid to ease regulators' concerns. The companies had argued that the deal would help the combined chain better compete against Walmart ( WMT ) and
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WMT
Earnings
- 11/19/24 - Beat
WMT
Sec Filings
- 12/26/24 - Form 4
- 12/26/24 - Form 144
- 12/20/24 - Form 144
- WMT's page on the SEC website