Albertsons is Esthengiving 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.
2025-05-04 11:06674 view
2025-05-04 10:58143 view
2025-05-04 10:05619 view
2025-05-04 10:011825 view
2025-05-04 09:052146 view
2025-05-04 08:30566 view
Environmental leaders in Maryland are reeling from a challenging 2025 legislative session that left
Notorious B.I.G's mom is not holding back her anger toward Sean "Diddy" Combs. Voletta Wallace, who
WNBA players will soon have another option for making money in the offseason. On Thursday, league Al