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(Reuters) – A U.S. judge on Tuesday blocked the pending $25 billion merger of U.S. grocers Kroger ( NISE: ) and Albertsons ( NISE: ), in the latest victory for the Federal Trade Commission under President Joe Biden’s administration.
Here are other jobs that have failed, blocked, or come under scrutiny:
JOB TERMINATED
THE CONTEXT OF THE VALUE OF THE WORK
JetBlue-Sp $3.8 JetBlue Airways (NASDAQ:) i Spirit Airlines (OTC:)
irit billion has backed out of their $3.8 billion merger
Airline agreement in March 2024 with
low-cost carriers say there is
there is no way forward after the american judge
blocked the job in January on
anti-competitive concerns.
Tapestry-C $8.5 Tapestry (NISE:) has dropped the offer
apri billion Michael Kors owner Capri after a
a judge blocked it after the lawsuit
by the Federal Trade Commission
(FTC), eliminating possible creation
of the American luxury giant to compete
with European behemoths.
Avangrid $8.3 Iberdrola (OTC:) unit in the US Avangrid Inc (THEY ARE NOT:)
Inc-PNM billion in January 2024 said it has
Resources cut short of the planned $8.3 billion
purchase of competitor PNM Resources,
because he couldn’t get everything
necessary regulatory approvals for
close the deal by December 31, 2023.
DEALS BLOCKED
THE CONTEXT OF THE VALUE OF THE WORK
Kroger-Alb $25 US District Judge in Portland,
ertsons billion Oregon, as well as Washington State
a Seattle court judge blocked it
pending a $25 billion merger in between
the two first traditional food product chains,
Kroger and Albertsons, leaving
companies to consider their options.
AFFAIRS UNDER PYRUS
THE CONTEXT OF THE VALUE OF THE WORK
UnitedHeal $3.3 US Department of Justice i
billion three US states filed suit in
Group-Amed Nov 2024 Blocks UnitedHealth (NISE:)
Isis Inc Group acquired $3.3 billion
Amedisis Inc (NASDAK:), citing concerns that
the deal would reduce competition in
home health services market.
Capital $35.3 New York Attorney General Letitia
One Billion James investigates whether
Find out Capital One (NOT:) $35.3 billion was proposed
Discover Financial Financial Takeover
Services Services violates state
of the antimonopoly law, the state announced
October 2024
Nippon $14.9 Nippon Steel offered $14.9 billion
Steel-US Billions US Steel faced opposition
Steel both President-elect Donald
Trump and the outgoing Biden
administration. Superior Nippon Steel
the CEO and CEO of US Steel met
with high-ranking American officials in
in September in an effort to save
agreement.
Tempur $4 billion US Federal Trade Commission
Sealy said in July 2024 that he would sue
Internation blocks $4 billion merger
nal- manufacturer of Tempur Sealy mattresses (NISE:)
Mattress International Inc and seller
Firm mattress. Tempur Sealy now
he expects to close the deal later
or at the beginning of 2025.