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.
2025-04-19 22:05799 view
2025-04-19 21:372526 view
2025-04-19 21:272288 view
2025-04-19 21:12839 view
2025-04-19 21:07807 view
2025-04-19 20:07868 view
CHARLEVOIX, Mich. (AP) — A challenger in northern Michigan defeated a Republican state lawmaker who
For nearly every highlight of Julie Croteau’s trailblazing baseball career — all except her time as
Social media can't get enough of a "Wheel of Fortune" contestant's hilarious flub of a pretty straig