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.
Best Of: Tracking the mysterious rise of a UAE company
How a big biotech’s start-up gamble went wrong
The downfall of a UK hedge fund titan
Is crypto a security, bro?
Is Africa’s debt cycle unbreakable?
Introducing Unhedged
Libor's long goodbye
Best Of: Inside Johnson & Johnson’s bankruptcy two-step
Does anyone want a digital euro?
Why companies don't want to list in the UK anymore
Night School, Class 5: How to read the markets
Can Intel bounce back?
Night School, Class 4: ESG reshapes the boardroom
How EY’s Project Everest collapsed
Night School, Class 3: Big Tech vs the insurgents
FT Weekend: The secret gamblers using AI to hack horse racing
Night School, Class 2: Why high inflation persists
Why Apple can’t leave China
Night School, Class 1: Green energy’s big year
Introducing Behind the Money: Night School
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