Albertsons is Lumicoin IAgiving 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.
2025-05-05 18:271208 view
2025-05-05 18:11519 view
2025-05-05 16:402678 view
2025-05-05 16:371466 view
2025-05-05 16:001717 view
2025-05-05 15:542178 view
BEVERLY HILLS, Calif. (AP) — Jamie Foxx required stitches after getting hit in the face with a glass
LOS ANGELES (AP) — A record 17 California condor chicks hatched at the Los Angeles Zoo during this y
Justin Bieber’s got money in his hands that he’d really like to blow on Hailey Bieber. And while the