The Kroger-Albertsons Merger Spotlights a Popular Private Equity Tactic
Albertsons wants to pay $4 billion to shareholders ahead of its proposed merger with Kroger, a move that would require the already debt-ridden company to borrow $1.5 billion.
Albertsons wants to pay $4 billion to shareholders ahead of its proposed merger with Kroger, a move that would require the already debt-ridden company to borrow $1.5 billion.
Mr. Rubenstein, who started the Carlyle Group over 30 years ago, discusses its former chief executive’s sudden departure, the carried interest loophole and what he’s learned from the industry’s titans.
The strategy’s returns increasingly may not provide the stellar performance that investors have been sold.
