Kroger's Deal to Acquire Albertsons Comes to a Halt: What's Next?

The Kroger Co.’s (KR) well-woven strategies have been reinforcing its position in the industry. We note that the company had entered into a deal to acquire Albertsons Companies (ACI) for $24.6 billion in October 2022.In the latest update, the U.S. District Judge, Adrienne Nelson, in Oregon has blocked this planned acquisition deal, according to the media reports. This is because the aforesaid deal might cut competition for the U.S. grocery shoppers, thereby leaving them prone to increased prices, per source ...