Albertsons is John 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.
2025-04-29 03:101773 view
2025-04-29 03:092312 view
2025-04-29 02:241604 view
2025-04-29 02:082273 view
2025-04-29 01:59166 view
2025-04-29 01:362172 view
NEW YORK (AP) — Juan Soto will be introduced by the New York Mets at Citi Field on Thursday, a day a
Neel Nanda, a stand-up comedian who appeared on "Jimmy Kimmel Live!" and Comedy Central, has died. H
DES MOINES, Iowa — Iowa will not participate this summer in a federal program that gives $40 per mon