When a company is sold there tends to be a standard playbook: There’s some tough negotiations. Then, the buyer gets a business and the seller gets a check. Everyone’s happy. That’s not what happened when a private equity firm recently bought a California grocery store chain. The FT’s Wall Street editor Sujeet Indap explains how the deal went off the rails, and how the supermarket’s owners might end up paying millions of dollars to sell their company.
Clip from KCRA
- - - - - - - - - - - - - - - - - - - - - - - - - -
For further reading:
The inequity method of accounting
Opposition shadows Cerberus windfall from Albertsons supermarket deal
The pool is closed, part 1
- - - - - - - - - - - - - - - - - - - - - - - - - -
On X, follow Sujeet Indap (@sindap) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
What next for Detroit's carmakers
Pharma raises its bet on biotech
China's Didi adds finance to the mix
Huawei and the fight for 5G
IBM's next move
The oil sell-off explained
Investors fear 'peak iPhone'
How €200bn of ‘dirty money’ flowed through a Danish bank
The future of dealmaking with Saudi Arabia
The rise and fall of General Electric
Tune in Wednesday
Private equity's debt mountain (encore episode)
Tilray and the cannabis trade
On the front lines of the crisis
Purdue Pharma's 'one-two' punch
Following the cannabis money trail (encore episode)
Khosrowshahi's year at the wheel
Digging into student debt
Taking Tesla private
Tesla’s rough ride
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
FT News Briefing
Money Clinic with Claer Barrett
FT World Weekly
FT News in Focus
FT Banking Weekly