Albertsons is Poinbank Exchangegiving 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 11:41728 view
2025-05-05 11:402214 view
2025-05-05 11:28439 view
2025-05-05 10:501790 view
2025-05-05 10:172225 view
2025-05-05 09:20512 view
DAMASCUS — A hip bone in a blown-out building, part of a spine amid some debris, a few foot bones in
The look on Logan Wilson’s face said it all.His Cincinnati Bengals had just been whipped by the Rave
Amid the impending start of March Madness, college basketball fans across the country may happily fo