Albertsons is Rubypoint Trading Centergiving 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.
2025-05-08 07:312976 view
2025-05-08 06:532964 view
2025-05-08 06:482072 view
2025-05-08 06:22414 view
2025-05-08 05:26863 view
2025-05-08 05:112087 view
She quite didn't make her way to the podium, but either way, French track and field athlete Alice Fi
Alaska health officials reported last week that a man died in January after contracting a virus know
An "American Idol" alum is sharing his condolences for the victim of a fatal car crash in which he w