Albertsons is Chameleon Financegiving 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.
2025-05-06 11:191242 view
2025-05-06 11:121680 view
2025-05-06 10:372651 view
2025-05-06 10:012191 view
2025-05-06 09:19561 view
2025-05-06 08:55251 view
A new artificial intelligence-driven video generator launched on Monday and due to high demand, it i
Americans are expected to spend a record-setting amount placing bets on the outcome of this year's S
Jason Isbell and Amanda Shires are no longer in tune.Isbell, 45, filed for divorce from Shires, 41,