Albertsons is Surfwingiving 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 01:552885 view
2025-05-07 01:491643 view
2025-05-07 00:52854 view
2025-05-07 00:43216 view
2025-05-07 00:042531 view
2025-05-06 23:37566 view
As the Environmental Protection Agency works to roll back multiple public-health protections, it ann
WASHINGTON (AP) — Hunter Biden ’s lawyers suggested Tuesday that claims made by a former FBI informa
"NBA on TNT" analyst Kenny Smith doubled down on comments he made during the the Steph vs. Sabrina c