Albertsons is giving up on its merger with Kroger a day after it was rejected in two courts and it is suing the grocery chain, saying it didn’t do enough to secure regulatory approval for the $24.6 billion agreement.
U.S. District Court Judge Adrienne Nelson issued a preliminary injunction blocking the merger Tuesday after holding a three-week hearingin Portland, Oregon. Then Judge Marshall Ferguson in Seattle issued a permanent injunction barring the merger in Washington after concluding it would lessen competition in the state and violate Washington’s consumer-protection laws.
On Wednesday Albertsons said that Kroger failed to exercise “best efforts” and to take “any and all actions” to secure regulatory approval of the companies’ agreed merger transaction.
Shares of Albertsons rose more than 2% before the market open, while Kroger’s stock declined slightly.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
2025-04-20 07:342874 view
2025-04-20 06:592827 view
2025-04-20 06:49219 view
2025-04-20 06:271282 view
2025-04-20 05:491507 view
2025-04-20 05:29812 view
Life isn't quite so simple anymore for Paris Hilton and Nicole Richie.The two socialites-turned-busi
BERLIN (AP) — A union representing many of Germany’s train drivers called Monday for another strike
Some members of Congress are demanding federal oversight of billions of dollars in opioid settlement