Judd Legum

@JuddLegum ↗

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Last Checked Dec. 16, 2022

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Mon Dec 05 14:20:12 +0000 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

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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

10. For now, the $4 billion dividend is currently held up in court. If it is approved, Albertsons "will be in the position of arguing to federal and state antitrust enforcers that it is preferable to allow Kroger to purchase its remaining assets because it is a failing firm." — PolitiTweet.org

Posted Dec. 5, 2022 Just a Typo