A grocery mega-merger just failed. Could it shape the future of antitrust?
Breakups are always hard. Especially when you’re two of the largest grocery mega-conglomerates in the country.
Last week two judges – including a federal judge in Oregon and a superior court judge based in Seattle – officially blocked a merger between grocery chains Kroger and Albertsons. The companies had argued they needed to unite to compete with the likes of Wal-Mart.
While an appeal is possible, Albertsons has backed out of the merger altogether and is now suing Kroger for $600 million over legal fees and the shareholder value it claims it lost in the merger attempt…
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