WASHINGTON (Reuters) – Skeptical lawmakers from across the political spectrum questioned executives at grocers Kroger Co and Albertsons Companies Inc on Tuesday about their planned $25 billion merger amid concerns the tie-up could boost already-high food prices. Senator Amy Klobuchar, a Democrat and chair of the Senate Judiciary Committee’s antitrust subcommittee, said she worried the…
Albertsons, Kroger CEOs Defend $25 Billion Merger to U.S. Senate Committee
Albertsons, Kroger CEOs Defend $25 Billion Merger to Senate Committee
WASHINGTON—Skeptical lawmakers from across the political spectrum questioned executives at grocers Kroger Co. and Albertsons Companies Inc. on Tuesday about their planned $25 billion merger amid concerns the tie-up could boost already-high food prices. Senator Amy Klobuchar, a Democrat and chair of the Senate Judiciary Committee’s antitrust subcommittee, said she worried the deal would mean…
This Day in Market History: Bear Stearns Merges With JPMorgan
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On March 16, 2008, Bear Stearns merged with JPMorgan Chase & Co. Where The Market Was The Dow finished the next day at 11,972.25. What Else Was Going On in The World? In 2008, U.S. property…
AT&T to Spin Off WarnerMedia in $43 Billion Discovery Merger, Cuts Dividend
AT&T Inc. said on Tuesday it will spin off WarnerMedia in a $43 billion transaction to merge its media properties with Discovery Inc. and also cut its dividend by nearly half. AT&T shareholders will own 71 percent of the new Warner Bros. Discovery company and will receive a 0.24 shares of Warner Bros. Discovery for…
Samsung Names New CEOs, to Merge Mobile, Consumer Electronics Units
December 9, 2021
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SEOUL, SOUTH KOREA—Samsung Electronics Co. Ltd. will merge its mobile and consumer electronics divisions, the firm said on Tuesday, naming new co-chief executives in the biggest reshuffle since 2017 to simplify its structure and focus on the logic chip business. Two co-chief executives, instead of three, will lead the South Korean firm as it pivots…
Gett Nears $1.1 Billion SPAC Merger to Go Public
Corporate-transportation platform Gett is nearing a special-purpose acquisition company (SPAC) merger worth $1.1 billion with Rosecliff Acquisition Corp. I, the Wall Street Journal reports. Gett now aims to streamline the company’s ride-hailing, taxi, and limousine booking options worldwide into one platform to save customers time and money. It initially started as an Uber Technologies competitor….
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