Source: Grocery Dive
Kroger is facing a gauntlet of legal challenges to its proposed merger with Albertsons, and a decision in any of those cases could still be weeks away. But Wall Street analysts and investors seem to have already made up their minds: Kroger is going to lose this battle.
“The market is anticipating that the Kroger-Albertsons deal will not be approved,” Eric Pettway, chief investment officer at Journey Advisory Group, told the Cincinnati Business Courier.
Kelly Bania, an analyst with BMO Capital Markets, told the Business Courier she sees a 70% chance that the FTC will win its case against the grocers, while Arun Sundaram, an analyst with CFRA Research, gave similar odds to Grocery Dive, saying Kroger has just a 20% chance of pushing its deal through at this point.
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