Heterodox
by American Economic Liberties Project Looks like tgings are being said that are no legally enforceable. Let me see . . . Deleted emails, Albertson’s CEO can walk away with a $40-something million bonus if he can close the deal, a special dividend to private equity investors worth $4 billion and paid with borrowed money, the $4 billion came after Albertsons swore to both a judge and to Congress that it was in “excellent financial condition.”...
Read More »FTC and grocery giants debate who real competitors are
More on the FTC investigating Albertsons and Kroger as to whether they are truly competitors. The issue being how much of the market-controlled now by each and what would result after Kroger acquires Albertsons. Both the FTC and Unions argue “FTC argues different stores have different use cases. FTC lead attorney Susan Musser noted “you can’t just get a single avocado at a Costco, while the union pointed out that many stores, unlike Kroger and...
Read More »Albertsons’ CEO claims text deletions weren’t intentional, concedes 1700+ may be gone
Last week CEO Vivek claimed most of his text messages were automatically deleted. Also and previously investigators were show messages going back and forth between players in this issue. Investigators asked those messages be kept. Apparently, those too have disappeared or portions of them have. It appears Albertsons has been milked by private entities Cerberus and Apollo who have been taking portions of equity out of Albertsons. In which case...
Read More »More on Why Albertsons Should Not Be Allowed to Combine with Kroger
We have shopped at both stores and also Frys which is also a part of Kroger. Of the three, Ftys is less costly. Our Frys always seems to be out of product. We end up at Bashas to fill out the rest of or grocery shopping, or Sprouts which has excellent veggies, or make the trip to WalMart which is on the other side of town. In any case, you will not save much. They all know what the other is charging. The real issue is, when there is a shortage, do...
Read More »FTC is Interfering with Kroger and Albertson’s Consolidation
Yes, it is true. That is only part of the story. There is more to it as to why the FTC is interfering. I am surprised there is not more “current” information on Cerberus and Apollo Global involvement in the Kroger-Albertsons merger. I keep reading the same blathering over and over. $25 billion at play here. And both private equity guys are out to break the bank. Kroger is already threating to go to SCOTUS because the FTC’s Lina M. Khan is...
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