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 19:542670 view
2025-04-30 19:461784 view
2025-04-30 17:521253 view
2025-04-30 17:37133 view
2025-04-30 17:311503 view
2025-04-30 17:272930 view
McALLEN, Texas (AP) — SpaceXis launching a new mission: making its Starbase site a new Texas city. B
In the final episode of Short Wave's Summer Road Trip series exploring the science happening in nati
Phoebe Plummer has recently gone viral, but they're not interested in being popular. They're more fo