As Kroger-Albertsons merger case comes to a close, here’s how Wall Street is betting
The federal court case over a proposed $24.6 billion sale of Albertsons to rival Kroger has reliably filled a main courtroom and, often, an overflow room, where proceedings can be viewed on a television screen.
Aside from the litigants, their lawyers, legal analysts and media, other spectators have included a flock of Wall Street investment advisers and merger arbitrageurs — many of whom watched three weeks of proceedings from opening arguments last month to Tuesday morning’s closing statements.