A Superior Court judge in Puerto Rico temporarily blocked Wal-Mart's $225 million acquisition of 35-store Supermercados Amigo on Friday, saying that the purchase could violate the island’s antitrust laws.
The decision by the judge came despite the fact that the US Federal Trade commission (FTC) had approved the sale.
The decision prohibits Amigo from transferring its holdings to Wal-Mart until the courts issue a final decision in the matter.
Wal-Mart already owns 19 stores in Puerto Rico
The decision by the judge came despite the fact that the US Federal Trade commission (FTC) had approved the sale.
The decision prohibits Amigo from transferring its holdings to Wal-Mart until the courts issue a final decision in the matter.
Wal-Mart already owns 19 stores in Puerto Rico
- KC's View:
- Now, if only Wal-Mart could get this case transferred to an Arkansas court, we suspect that these silly antitrust laws would somehow become less onerous…
