Kroger and Albertsons saw their $24.6 billion merger blocked on Tuesday by judges in two separate cases, one brought by federal regulators and the other by the Washington state attorney general.
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It was bad enough when Safeway and Albertson’s merged. There were major shenanigans afoot when that happened.
In order to get approval for THAT deal, Albertson’s had agreed to sell off some stores to Haggen.
That resulted in a $1B lawsuit.
Thank goodness for that. Because their next step would be to cozy up to the ex-Kroger jerk who’s now in charge of Costco, I’m sure of it.
This needs to not go through.
Seems like at some point there should just be a hard limit on size / market cap of corporations.
