Judd Legum

@JuddLegum ↗

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Last Checked Dec. 16, 2022

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Mon Dec 05 14:18:35 +0000 2022

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Judd Legum @JuddLegum

8. These divestiture schemes are used to gain approval for mergers, but seldom work. When @Albertsons bought @Safeway, it divested 168 stores to get regulatory approval. The company that bought the stores went bankrupt in months, and Albertsons bought back a bunch of stores — PolitiTweet.org

Posted Dec. 5, 2022

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Judd Legum @JuddLegum

7. Section 7 of the Clayton Antitrust Act, enforced by the FTC, prohibits acquisitions that substantially "lessen competition" in "any line of commerce." @kroger admits the merger will lessen competition in some markets and proposes divesting a few hundred @Albertsons stores — PolitiTweet.org

Posted Dec. 5, 2022

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Judd Legum @JuddLegum

9. The private equity firms that own most of @Albertsons are also trying to get a $4 billion "special dividend" from the company prior to the merger. It would make it extremely difficult for @Albertsons to continue to operate independently https://t.co/3BWbpkFXCp — PolitiTweet.org

Posted Dec. 5, 2022