Results for: Merger

Kroger and Albertsons have agreed to sell an additional 166 stores to C&S Wholesale Grocers in an effort to address the Federal Trade Commission’s (FTC) concerns about the merger. The total number of stores sold to C&S will now be 579, ensuring that no storefronts will close, no employees will lose their jobs, and no employee benefits will change upon the merger’s completion. The FTC is currently reviewing the revised divestiture deal and has not yet commented on whether or not it will affect its decision to allow the merger to proceed.

The Federal Trade Commission (FTC) has filed a lawsuit to block the proposed $8.5 billion merger between Tapestry, Inc. and Capri Holdings Limited, citing antitrust concerns. Tapestry owns brands such as Coach and Kate Spade, while Capri owns brands like Michael Kors and Versace. The FTC alleges that the deal would eliminate direct competition between the two companies in the ‘accessible luxury’ handbag market, giving Tapestry an unfair advantage. The regulators also expressed concerns about potential negative consequences for workers in the combined company, including lower wages and reduced workplace benefits.

Kroger and Albertsons have agreed to sell 579 stores to meet regulatory concerns, allowing for their merger to proceed. The stores will be acquired by C&S Wholesale Grocers, who will operate some under Albertsons and Safeway banners.

A class action lawsuit has been filed against iRobot Corporation alleging that the company made false and misleading statements regarding the likelihood of antitrust approval for its merger with Amazon. The complaint alleges that iRobot failed to disclose that U.S. and European antitrust regulators were unlikely to approve the merger, and that iRobot overstated the likelihood of successfully completing the transaction. As a result of these alleged misstatements, investors suffered damages when the merger was ultimately blocked by regulators.

AGBA Group Holding Limited (AGBA) shares continued their upward trajectory on Monday, fueled by the company’s recent announcement of a definitive merger agreement with Triller Corp. The deal values the combined company at approximately $4 billion and will see Triller become a wholly-owned subsidiary of AGBA. Agba stockholders will own 20% of the combined entity, while Triller stockholders will hold the remaining 80% stake.

Kroger and Albertsons have expanded their divestiture plan in response to concerns raised by the Federal Trade Commission (FTC) about their proposed $24.6 billion merger. The companies now plan to sell 579 stores in overlapping markets to C&S Wholesale Grocers for $2.9 billion. This represents a significant increase from the initial plan to divest 413 stores for $1.9 billion. The FTC had previously expressed concerns that the initial plan was inadequate and would not effectively address competition concerns in certain markets. The updated plan includes the sale of Kroger’s Haggen banner and licensing agreements for the Albertsons and Safeway banners in certain states. C&S has committed to keeping all stores open and honoring labor agreements.