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Off-topic for aiqbench

Off-topic for aiqbench

This story was gathered from a source we follow but falls outside AI and quantum coverage, so there is no aiqbench take for it.

Kroger and Albertsons: the food fight every dealmaker should be watching

Fortune5 min read

A review of what has been filed suggests that Kroger’s argument will be that it really, really, really tried to make the Albertsons deal work.

When two large companies agree to merge, they typically promise to use “reasonable best efforts” to win regulatory approval. In plain English that means, “we’ll try.” But when supermarket giant Kroger agreed to acquire Albertsons for $24.6 billion in 2022, a pledge to try was not enough. In a form of commitment that amounts to what the lawyers call “hell or high water,” Kroger agreed to take “any and all actions” necessary to win approval. That is a big burden, which was understandably interpreted by Albertsons as a clear signal that Kroger was…

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