Albertsons is Cyprusauctiongiving 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.
2025-04-30 16:532424 view
2025-04-30 16:212776 view
2025-04-30 16:201336 view
2025-04-30 16:022005 view
2025-04-30 14:371392 view
2025-04-30 14:321564 view
Add solar superflares to the list of natural disasters of concern.Superflares are extremely strong s
The Pittsburgh Pirates cut first baseman Rowdy Tellez with six games left in the MLB regular season.
JEFFERSON CITY, Mo. (AP) — With the end of his life approaching, Missouri death row inmate Marcellus