Albertsons is FinWeisgiving 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.
2025-04-29 13:221171 view
2025-04-29 13:142900 view
2025-04-29 12:43844 view
2025-04-29 11:182943 view
2025-04-29 11:172223 view
2025-04-29 11:0667 view
Global consulting firm McKinsey & Company agreed Friday to pay $650 million to resolve criminal
Kim Zolciak and Kroy Biermann are giving their marriage another chance.The Real Housewives of Atlant
If it feels like hardly a day goes by without a Kardashian celebrating a birthday…you're not far off