Private equity firms tried to shoplift $4 billion from Albertsons before selling it to Kroger, until a judge stopped them — for now

In Slate,  Moe Tkackik has an excellent analysis if the proposed Albertsons/Kroger merger, what he calls our “cash-extractive economy.” A judge has paused the deal, which would divert $4 billion from the companies to the private equity partners, [T]he current norm [is] that views every realm of commercial activity as first and foremost a vehicle…

Directors Resign from the Boards of Five Companies in Response to Justice Department Concerns about Potentially Illegal Interlocking Directorates | OPA | Department of Justice

The Department of Justice announced the resignation of seven directors from interlocking board seats. The Justice Department announced today that seven directors have resigned from corporate board positions in response to concerns by the Antitrust Division that their roles violated the Clayton Act’s prohibition on interlocking directorates. Section 8 of the Clayton Act (Section 8)…