The entrance to an Albertsons grocery store is shown on Aug. 24, 2024, in Cheyenne, Wyo. Albertsons also owns such stores chains as Acme Markets and Safeway.in history crumbled Wednesday, with Albertsons pulling out of the $24.6 billion deal and the two companies accusing each other of not doing enough to push their proposed alliance through.
Albertsons, which owns Acme Markets, is unlikely to find another merger partner because it has significant debt and underperforming stores in most of its markets., Flickinger said.the most immediate impact of the deal’s demise, he said, since Albertsons charges 12% to 14% more than Kroger and other grocery rivals.
“I would have to consider that,” he said. “It’s a dramatically different picture with the merger than without it.” Albertsons said Kroger refused to divest the assets necessary for antitrust approval, ignored regulators’ feedback, and rejected divestiture buyers that would have been stronger than C&S.
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