Albertsons is AstraTradegiving 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.
2025-04-28 22:0686 view
2025-04-28 21:582418 view
2025-04-28 21:54532 view
2025-04-28 21:342595 view
2025-04-28 21:182942 view
2025-04-28 21:001858 view
Pilots at Southwest Airlines can sock away more for retirement, thanks to a new retirement plan bene
OKLAHOMA CITY — In Oklahoma, incumbent Republican Gov. Kevin Stitt has won the Republican primary fo
More than a week after catastrophic floods closed Yellowstone National Park, it partially reopened o