(Reuters) – U.S. grocer Albertsons on Wednesday terminated its $25 billion deal to be bought out by rival Kroger after two different courts blocked the merger, in what would be the latest win for the Federal Trade Commission.
Here are other deals that have fallen through, been blocked, or face scrutiny:
DEALS TERMINATED
DEAL VALUE CONTEXT
JetBlue-Sp $3.8 JetBlue Airways and Spirit Airlines
irit billion scrapped their $3.8-billion merger
Airlines agreement in March 2024, with the
low-cost carriers saying there was
no path forward after a U.S. judge
blocked the deal in January on
anti-competition concerns.
Tapestry-C $8.5 Tapestry abandoned its bid for
apri billion Michael Kors owner Capri after a
judge blocked it following a lawsuit
by the Federal Trade Commission
(FTC), nipping the possible creation
of a U.S. luxury giant to compete
with European behemoths.
Avangrid $8.3 Iberdrola’s U.S. unit Avangrid Inc
Inc-PNM billion said in January 2024 it had
Resources terminated its planned $8.3 billion
acquisition of rival PNM Resources,
because it could not get all the
necessary regulatory approvals to
close the deal by Dec. 31, 2023.
Kroger-Alb $25 billion Albertsons terminated its $25
ertsons billion merger agreement with Kroger
after the U.S. District Court in
Oregon and the King County Superior
Court for the State of Washington
blocked the deal.
DEALS UNDER SCRUTINY
DEAL VALUE CONTEXT
UnitedHeal $3.3 The U.S. Department of Justice and
th billion three U.S. states filed a lawsuit in
Group-Amed November 2024 to block UnitedHealth
isys Inc Group’s $3.3 billion acquisition of
Amedisys Inc, citing concerns that
the deal would reduce competition in
the home health services market.
Capital $35.3 New York Attorney General Letitia
One- billion James is investigating whether
Discover Capital One’s proposed $35.3 billion
Financial takeover of Discover Financial
Services Services violates the state’s
antitrust law, the state said in
October 2024.
Nippon $14.9 Nippon Steel’s $14.9 billion bid for
Steel-U.S. billion U.S. Steel has faced opposition by
Steel both newly elected President Donald
Trump and the outgoing Biden
administration. A top Nippon Steel
executive and U.S. Steel’s CEO met
with senior U.S. officials in
September in an effort to salvage the
deal.
Tempur $4 billion The U.S. Federal Trade Commission
Sealy said in July 2024 it would sue to
Internatio block the $4 billion merger between
nal- mattress manufacturer Tempur Sealy
Mattress International Inc and retailer
Firm Mattress Firm. Tempur Sealy now
expects to close the deal later this
year or early 2025.
(Reporting by Ananta Agarwal and Juveria Tabassum in Bengaluru; Editing by Sriraj Kalluvila)
