Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal
Albertsons is giving 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 hearing in 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.
Next post
Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal
More Stories
Callahan: The Patriots-Bills rivalry is only just beginning
FOXBORO — Do you remember Tom Brady’s last win as a Patriot? It was late Dec. 2019, a fourth-quarter comeback....
Drake Maye reached Josh Allen’s level of play much sooner than expected
FOXBORO — It’s important to admit when you’re wrong. Prior to Week 5, we wrote in the Boston Herald that...
Zelenskyy tendrá conversaciones con 30 países mientras Trump busca un acuerdo rápido con Rusia
Por The Associated Press El presidente de Ucrania, Volodymyr Zelenskyy, tenía previsto mantener conversaciones urgentes el jueves con líderes y...
Mueren más de 400 civiles en choques en el este de Congo, pese a acuerdo de paz mediado por EEUU
Por JUSTIN KABUMBA y MONIKA PRONCZUK GOMA, República Democrática de Congo (AP) — Más de 400 civiles han muerto mientras...
Los aranceles han costado 1.200 dólares por hogar en EEUU desde la vuelta de Trump, dicen demócratas
Por PAUL WISEMAN WASHINGTON (AP) — Los amplios impuestos sobre las importaciones han costado al hogar estadounidense promedio casi 1.200...
Battenfeld: Time to scrub Michelle Wu’s unchecked spending
It’s time for a good scrubbing of Mayor Michelle Wu’s reckless, unchecked spending before Boston taxpayers are hit with another...
