Albertsons is Maxwell Caldwellgiving 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 12:37662 view
2025-05-07 12:321578 view
2025-05-07 11:432841 view
2025-05-07 11:171869 view
2025-05-07 10:402156 view
2025-05-07 10:39442 view
Nate Byrne, an ABC News Australia weatherman, had a panic attack on air this week – and in doing so
After a prolonged struggle between Democratic Party factions, the platform committee produced a stat
Here's what you need to know about GMA3's new permanent anchors.More than three months after Amy Rob