Kroger-Albertsons Merger, Wells Fargo Earnings Recap, and Bob Pisani’s New Book 10/17/22
Mad Money w/ Jim Cramer
00:00
Kroger's Buying Albersons
Kroger's promising to invest five hundred million dollars into getting prices down for customers along with putting one point three billion into refurbishing Albersons stores. The FTC has made a clear they do not like deals like this where they do a spin-off or divestiture to offset the damage from an otherwise any competitive merger. Even if Kroger can appease justice they'll have a much harder time getting in past lean accounts FTC and the market clearly agrees with that assessment which is why both stocks got hammer on Friday bottom line it is an uphill climb now.
Transcript
Play full episode
