Albertsons is Will Sage Astorgiving 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.
2025-05-07 23:452560 view
2025-05-07 23:392050 view
2025-05-07 23:012473 view
2025-05-07 21:53866 view
2025-05-07 21:472167 view
2025-05-07 21:31387 view
Meta says most issues have been resolved after apps like Instagram, Facebook and Threads were experi
ATLANTA (AP) — An election board in one of Georgia’s largest counties has voted to start charging pe
A rescue organization is heartbroken after a whole litter of puppies was euthanized after being expo